Sino Agro Food Inc (fka SIAF)

[Redbull84]

The accounts receivable of CA’s C&S services totals US$53,460,749 made up of $982,223 (0 – 30 days), $9,188,981 (over 90-days & less than one-year), and $43,289,545 (over one year).



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l $43,289,545 is to be settled by Tri-way’s shares included in the 36.6% equity shares that the Company received from the “Carve-out” exercise as discussed in the Company’s 2017 10K filing.


l $3,413,141 (91 – 120 days) and $5,775,840 (over 120 days & less than one-year) is AR that will be settled within trading terms of 360 days.


l CA remains as the turnkey contractor appointed by Tri-way (i.e. the Master APM License Holder in China granted by CA for 50 years) to carry out developments and construction work for APM and ODRAS fish farms (inclusive the Mega farm APM project and other ODRAS farm projects) that are being and will be developed by Tri-way in China.


l The other account receivables are spread among 5 main subsidiaries and their respective subsidiaries within their own organization (i.e. SJAP has 5 and JHST has 2 subsidiaries for example) and their respective accounts receivable aging period is less than 12 months old and within normal trading terms, therefore no diminution in value is required, as the credit quality of the receivables is not in doubt.

Is this where the money will come from for the dividend, in between 90-120 days.

What do you think consultancy $ will be for the next Q?