Sino Agro Food Inc (fka SIAF)

[andrewflying]

If we do not dilute, then SIAF shareholders get 19% + 18% of Triway.

If we do dilute with 10 million shares, then the current SIAF shareholders get (19%+18%+32%) * 2 /3 = 46%.

So the gain is 9% of Triway, but we lose one third of the other part of SIAF. So basically, does 27% of Triway worth the rest of SIAF?

As a matter of fact, I remembered that in Q1 CC, Solomon mentioned that he will be part of a group of investors, I think he referred to the 32% Pre-IPO investors. So my take on that is SIAF is not going to acquire that 32%.