Sino Agro Food Inc (fka SIAF)

[nisse44]

And if they (Triway) decide to skip the IPO then SIAF is in trouble.

If siaf's 36.6 % goes down to half then THEY in this case siaf will lose the dividends from triway and it will go to owners of triway shares. Who wants to own SIAF anymore? If I were a owner of siaf shares I would rather see that siaf keeps 36% and get a hefty dividend from triway each year or just keep the shares and see them rise on any market where they will trade in a few years. Then SiAf can get income from future dividends instead and distribute this every year to shareholders. But of course they are taking the risk of the fact that their will be no ipo nor any bank loan.

How did they calculate the book value. It is this book value of triway that has decided how much the extra 18% of triway would be worth. correct?

So triway owes siaf 55 musd but they have no money so triway ask a institute to se a value to triway. then 18 % of that value is oayed to siaf in shares. which goes for 40 musd. So now siaf owns 36% and triway lowered their debt by 40 mil. Who calculated the value of Triway and how. if that value would have been higher siaf would have gotten a larfer piece of the cake. If it was lets say 100 musd instead siaf would have gotten 40 % instead or not? I so believe that siaf thought that setting a higher valuation to triway would give a boost in shareprice but it didnt. And now they have less.

S