Sino Agro Food Inc (fka SIAF)

[The Swede]

I can't tell you for certain why they created GODL. But I can tell you a couple of things.

1) The MegaFarm was a Hong Kong entity from the beginning. So they had to set up a new company.
2) They were looking for investors from the beginning, who would then take a stake in the new company.
3) The Chinese investors owned the MegaFarm, all of it, as they were paying for it.

A simple way of explaining this would be, to say, that the Chinese investors owned GODL, but SIAF was managing it. Much the same as SIAF HK now. NOT owned by SIAF, but the Chinese parties.

Here is an answer about GODL from 2014 -

GODL is a shelf company set up purposely to initiate the future SFJVC of the Project and for the Project.
This kind of arrangement is very common and similar to all of our intermediate holding companies (i.e. MEIJI, APWAM, Triway etc) before they became the sino foreign joint venture partners in our respective SFJVCs.
It is because GODL is a newly formed shelf company at this juncture and it is set up under nominees, therefore there is not much one will be able to find on GODL. (However upon the official formation of its SFJVC and in its first year of consolidated account, it will show all assets in the SFJVC (less minority interest) that will include the land, improvement to the properties, work in progresses, APM technology rights.
The reason of why people use HK or Macau companies as a SFJV partner is because the Chinese Authorities usually work efficiently with and accept readily on this kind of companies.