Sino Agro Food Inc (fka SIAF)

[RealDutch]

Garrett's $4.6M loan will be repaid plus interest (a total of $6M) by July 2019 in cash. The company is tergeting a $10M (bank) loan for next year which they can use for this although they prefer to do it from cash flow in which case they already have another use for the $10M bank loan.

ECAB is entitled to $15M + 5M shares for $3.00 but both parties want to settle the whole amount in cash. And since they haven't received any shares yet, I think they are proceeding with a settlement in cash. No idea where the money will come from but they could transfer $30M of TRW's debt owed to SIAF currently, to ECAB.