Sino Agro Food Inc (fka SIAF)

[RealDutch]

Now I see what you mean. You should have included the title in your quote the first time.

From the press release

Engineering Technology, Consulting and Services (Project Development)

Revenue and profit from this segment is not expected to return to precedent levels until cash flow helping to finance capital expenditures are available to carry out Tri-way’s fishery development and Vigor’s wholesale development.

The Distribution Center is just one company. Owned by Vigor, and you could consider them to be the (financing) partner. It was a C&S project (Consultancy and Service) just like Wholesale Center 1. Both were close to $5M projects with SIAF having the option to acquire 75% as usual.

But Vigor is planning more wholesale centers or distribution centers. At least one or two I think. So then, yes, SIAF will generate income from consultancy. Which is performed by CA I think. Always CA, except for the cattle farm developments in the past, I think it was MEIJI.

SIAF will not aquire them though. TRW will do the trading it seems. For Fish at least. You have to make a distinction between fish and beef. We'll see how that evolves.