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Re: downthehatch post# 105194

Thursday, 07/21/2016 10:06:42 AM

Thursday, July 21, 2016 10:06:42 AM

Post# of 163716
dc

Here is the most recent update. It is actully as recent as July 5.

"
News and Press Releases
Sino Agro Food, Inc. Updates Aquaculture Carve-out Progress

Jul 5, 2016

GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME)
Sino Agro Food, Inc.

The Company is pleased to announce completion of all Stage 1 Hong Kong and China legal and commercial documents related to the transfer of Aquaculture assets into its Hong Kong based Tri-Way Industries subsidiary, in preparation for its carve-out and subsequent IPO. The Aquaculture assets include Prawn Farms 1 through 4 of the Zhongshan Aquaculture MegaFarm, and the Zhongshan A Power Prawn Culture Farms Development Co., Ltd. (“ZSAPP”), which operate a hatchery and nursery for prawns and shrimp.

In the interim, the Company has made significant inroads toward securing debt financing for working capital for the Tri-Way project. Registration of the aforementioned legal and commercial documents is today pending debt financing closing.

More details will be made available upon document registrations, etc.

Shareholders are encouraged to frequent our website (http://www.sinoagrofood.com), Facebook page (https://www.facebook.com/SinoAgroFoodInc), and Twitter feed (https://twitter.com/sinoagrofood) for interim progress being made at our portfolio companies, since updates provided through social media may or may not be made in conjunction with news releases from the Company."

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