Sino Agro Food Inc (fka SIAF)

[ks1977]

but I thought that they already owned that one 100%

Shouldn't it show up in the structure on page 5 then? (in the 10-K)

The 10-K states that SIAF does not have any ownership in the C&S project companies, i.e Cattle Farm 2, WC1&2 and SDC although it may take an equity stake in them. Not sure why FishFarm2 doesn't show up as a C&S-project.

To follow up on your "more confused"; the 10-Q for Q2 page 19 states that the Trade Center (which we have 4.1MUSD in deposits) had a "Current status of Project" of "30% completed", although I'm not sure that this makes any sense (unless this is what SIAF meant by the "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".

Page 17 you say; "In 2013, the Company also constructed a trading complex (the “Trading Center”) for the Import and Export at another building adjacent to Wholesale Centers 1 and 2" (this is after they speak of WC1 and

Edit (continued); (...) SDC, so this Trading Center is different than the rest *confused*