Sino Agro Food Inc (fka SIAF)

[jyyoo]

10-Q out w/ Tri-way distribution info

https://www.sec.gov/Archives/edgar/data/1488419/000114420418044689/tv499737_10q.htm

Tri-way Plan:

As alluded to in our Form 10-Q for the period ended March 31, 2018, the Company has been in communication with Tri-way on a concept / plan that allows our common shareholders, eligible to receive dividend, to receive 18.3% cumulative ownership in Tri-way that does not impose a tax-liability to either company. The outline of the distribution plan will be made public by Tri-way in the next few weeks. Essentially, we believe that there will be two (2) scheduled distributions whereby, under each distribution, SIAF shareholders in exchange for Tri-way debt held by SIAF will receive convertible preferred shares of Tri-way in an amount equivalent to $3.41 per share value of one common share of Tri-way, the number of preferred shares to be received in book entry form to be based on the number of SIAF shares held by each eligible shareholder as at / on two (2) separate Record Dates, the dates of which shall be announced by Tri-way along with possibly their Conversion Dates announced, simultaneously.

Cash Dividend Plan Reiterated again:

SIAF Cash Dividend Policy (Reprinted from information provided in the Company’s previous report in service to those investors who might have not seen or possibly overlooked it)

LOL I think they're confused why the price is so low with such a high dividend yield..they think the public may have just overlooked it