It's still interesting what to expect from this. Assuming a P/E of 20 in HK, 60.000MT and 40% net margin. Then SIAF's stake is worth 18% x 60.000.000 x $10/kg x 40% margin x 20 = $864M So your dividend stock will also be worth 864/23 = $37.50 Your SIAF shares roughly the same, because we will only see 50% of that value + the rest. Total is $75. And then, longer term, it's a matter of growing and fetching a higher P/E than 20 in Hong Kong.