China has been investing in modernising agriculture and food security generally in many ways for a while ($450bn to be spent b/w 2016-2020). Like one of you mentioned, could be any one of a many things... wording suggested some type of supply or perhaps rights deal as its generating revenue. Obviously China is a big country but interestingly only has ~10% of the worldwide arable land and is producing food for ~20% of global population. Looking at the products ROO have and are developing, and knowing that farming (esp. in the north of China) can be difficult due to the cold weather extremes, perhaps could be related to this?. Either way, it does sound interesting so hopefully big. Also if any deal is with private investment, or a State owned , and the crop(s) and $ involved.
ROO Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
