Sino Agro Food Inc (fka SIAF)

[ks1977]

My understanding is that the collateral shares will also receive the dividends, but they have to give it back together with the SIAF shares upon loan repayment

This is what they have said earlier, and what makes sense. However, in respons to the articles in Finansavisen SIAF stated that;

The collateral shares do not carry any dividend or voting rights. Therefore, the Finansavisen statement, “ … lenders have been issued Sino Agro shares as collateral,which worsens the value of the (anticipated Tri-Way) dividend” is not accurate

This might of course be a misleading/unfortunate wording where they try to say that - in the long run - the collateral shares will not be entitled any dividends (post repayment)