Sino Agro Food Inc (fka SIAF)

[ks1977]

WHAT are you talking about? Define "set up locations in July"

Sorry, it wasn't July, but mid-2017 (from the 10-K page 96)

The project’s facilities in China can grow organically
regardless of outside financing yet its chances for obtaining senior listing on the exchange as well as a successful IPO would be curtailed, significantly. Faced with developing a plan allowing Tri-way to work around the limits being discussed, Tri-way has been organizing a Trading Division based in HK to import frozen seafood and other frozen food products from other countries to be sold in China by JFD’s commercial arms (which are special vehicles (or companies)) being established since mid-2017 each holding their respective import/export permits and licenses. In this regard, Tri-way’s imports (Frozen seafood and other foods) will differentiate from SIAF’s imports that mainly consist of live seafood and slaughtered/dressed beef

The part in bold is the one I were thinking of earlier (i.e not being competetive against SIAF)