Sino Agro Food Inc (fka SIAF)

[ks1977]

The BOD is not focusing IMO

Or are they giving us BS to distract us from their plan?

Tri-way, an investment in associate of SIAF, continues its work toward an Initial Public Offering (IPO) targeting its listing on the Stock Exchange of Hong Kong (HKEX) sometime in H2, 2020 (...) One of the issues that Tri-way faces is generating sufficient stand-alone income that would meet both the minimum required to become eligible for
listing on the senior exchange

Are they referring to net profits or revenue here? From what I can see the requirement for net profit is only 30 million HK$ (http://en-rules.hkex.com.hk/net_file_store/new_rulebooks/c/o/consol_mb.pdf).

If they are referring to revenue, what is the requirements? I assume that the main focus now will be to achieve the requirements for a senior listing. It seems that this is the reason to the trading.