Sino Grandness

Sino Grandness: Stock is down 2.8% at $1.225, likely on jitters after the Sichuan earthquake hit on Saturday morning. This is despite the co saying its operations are unaffected by the Sichuan earthquake. Sino Grandness says its employees based in Qionglai city, Sichuan province are safe and its pdtn facility in Qionglai has not been affected by the earthquale that struck Ya'an city, Sichuan, on 20 Apr 2013. Highlights, the majority of its juice pdtn volume is still being outsourced to manufacturers based in provinces near the coastal areas such as Guangdong, Fujian and Zhejiang as these provinces are close to the key retail pts for its own-branded Garden Fresh juices. Adds its second internal juice pdtn facility in Dangyang City , Hubei province, is still under construction and expected to commence operation by end 2013.