Sino Agro Food Inc (fka SIAF)

[RealDutch]

In the meantime JHST has completed a Joint Venture Agreement with another third party to develop 500 Mu (about 75 acres) of various kinds of fruit trees for fruits that will be sold and distributed by said third party to its market outlets. Inasmuch, over 200 Mu of trees had been planted during Q2 2018. Under a 5-year agreement, JHST is to provide land, equipment and existing infrastructure while the said third party is responsible for the cultivation, development and associated farming costs that will allow JHST its share of up to 25% of the profit derived from the sale of those fruits in the future.

It's just a small step then to sell that land for $2M. What it should be worth roughly.

You can always take a look at HERB's numbers to see what the yield is. If they grow orange trees then 75 acres equals $1.4M gross profit.