Sino Agro Food Inc (fka SIAF)

[RealUSA]

not clear on this they r reporting income as 23.89 ownership and thus increase in book value. have they exercised this option? net effect will be the same on balance sheet increase in triway and erasing 41m of loan owned by triway. did anyone ask this for the conference call?

Q3 2017 income from investment was USD 1.4M. This figure is based on its current 23.89% equity interest in Tri-way, prior to the effective one-year anniversary date (October 5, 2017) when SIAF is permitted to exercise its option to convert Tri-way's USD 41M in outstanding debt into equity interest of 12.71%; equivalent to 12.7M common shares of Tri-way, currently registered in HK and available for transfer upon SIAF's instruction to exercise its option.