Sino Agro Food Inc (fka SIAF)

[andgus]

I also visited the meeting.

S + Peter + Dan + Anthony + NS was there from the Company.
Only S and Dan were speaking.

First S talked about 25 minutes. After that S was asked a lot of relevant questions by Peter Hoijer from Jordanfund.

I talked to P Hoijer after the meeting and he told me that it was him who had "found" SIAF to the Jordanfound and that he was the first Swedish shareholder in this Company.

A lot of the answers has alrady been mentioned here.

There was not any talk about any share buy-back.

S was in a very good mood.

He said that it was not impossible to sell HU but instead increace the immortial v.

S said that there were nothing for sale regarding the Company right now but even said "if there comes an offer i can´t resist"
he was avalible for selling.

About taxes- Prawns and cattle are tax free but when the cattles have passed the abbatoir then they will have to pay taxes.

He even called the Shanghai distribution center for an "experiment". This because there will be more of them ( I Think he mentioned 5). Each of them will sell 1000 mt of beef and 1000 mt of sea-food/month. Both fresh and frozen. This 5 centers will come in a few years.

S was asked: what would help turning the price of the shares?
He answered "It will come several good news soon".

Stockholm is prio 1 for listing.

After the meeting i Heard S say that Mangold is the commissioner who will take SIAF to listing. As I understood it will be listed at FN. S thought SIAF would be listed in early 2015.

He was asked about the most critical point.
S answered that it was to educate people or get enough educated personal to SIAF.

About restaurants: They will be listed later. Type of frenchaising.
As far as I understood, it was not shure that SJAP would be the first spin-off. Salomon said thet he didn´t like the word spin-off. This because he still wants to control the company.

He was asked about the dividend. I saw that someone already wrote about this here on Ihub but he also mentioned that the policy will be the same as it has been before.

S was fully awere about the "cattle-threat" from aussie.
He said that the "bulk-meat" which comes from aussie is not so intresting for chinese people. He said the better quality, the better price and a lot easier to sell. Therefore he will rise the meat quality further more.

The SIAF people arrived to Stockholm Sunday and will return to China om friday, after several meetings.

I think that´s all for now