Sino Agro Food Inc (fka SIAF)

[RealDutch]

Splitting up the company into a stand alone company doesn't make sense to me. It would still be a Norwegian company with operations in China. Why cut all the ties with SIAF?

So, I think SIAF will own 50% (or 51%) of the new aqua company, through Hong Kong. The JV partners will own their 25%. And the other 25% goes to new investors in Norway (basically money in the pocket for SIAF, same as with SJAP). The only difference is, SIAF will probably maintain a majority stake, therefore they can book all of the revenues and assets (with non-controlling interest going up to 49%).

And Solomon will still have (indirect) control through his SIAF A-shares. Although officially he will control less than 50%.

Nothing changes for SIAF shareholders. Except you get a dividend. And the value of the new companies (whether a subsidiary or not) should be reflected in the SIAF shares as well. That was the plan to begin with.