Livestock firm makes hay as sheep meat demand soars

When Yan Shuchun turned his hand to sheep meat production in 2012, the former senior financial services executive knew it would be a lot harder to make money.

Three years on, however, the company he formed, Meng Yang Group, has not only become one of the largest meat producing and processing operations in China, but it is now planning a stock market listing.

The Inner Mongolia autonomous region-based firm doubled its revenue to 1.2 billion yuan ($188 million) last year and it is expected to hit 2 billion yuan this year, driven by increased exports particularly to countries in the Middle East.