Sino Agro Food Inc (fka SIAF)

[HighYield1]

This is from the admission document (Merkur Listing)describing the business model.

[/Generally, Sino Agro Food exercises an option to acquire a majority equity stake in the project company once
development of the operating company has matured and successful operating results are demonstrated. Prior to
acquisition, Sino Agro Food prepays a deposit toward the acquisition consideration of the project company. Upon
acquisition and conversion into a SFJVC, the pre-payments together with a cash consideration become equity capital,
with Sino Agro Food becoming a majority shareholder. quote]

The admission documents also lists a number of risk factors as usual in these types of documents. However, I could not find any specific comments regarding the risk that SIAF's Application to form a SFJVC would not be approved. I cannot find any information that SIAF has a pending application to form a SFJVC.