Friday, December 09, 2016 12:10:55 PM
I suppose I am to blame for that rumor 
No, SIAF is spinning off the aquaculture division (Triway). You will personally receive an 18% stock dividend and SIAF will maintain 19%.
The spin-off will take place some time next year.
Your shares will be worth roughly $6 should you sell it to Pre-IPO investors for 2x book value. But that was a misunderstanding. You are allowed to keep them when they list Triway on the Hong Kong exchange. And then it will be worth a lot more. If we assume a P/E of 50 on the Hong Kong exchange, by 2020, your dividend shares could be worth $84. So that's 3 or 4 years from now, if we have a succesful IPO.
There is no free money here. But it's close enough.
No, SIAF is spinning off the aquaculture division (Triway). You will personally receive an 18% stock dividend and SIAF will maintain 19%.
The spin-off will take place some time next year.
Your shares will be worth roughly $6 should you sell it to Pre-IPO investors for 2x book value. But that was a misunderstanding. You are allowed to keep them when they list Triway on the Hong Kong exchange. And then it will be worth a lot more. If we assume a P/E of 50 on the Hong Kong exchange, by 2020, your dividend shares could be worth $84. So that's 3 or 4 years from now, if we have a succesful IPO.
There is no free money here. But it's close enough.
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