Sino Agro Food Inc (fka SIAF)

[ValueInvestor01]

Does these Triway shares then end up in Siaf treasury adding to the percentage controlled by Siaf/Solly?

I believe that the collateral share owners will receive the 3.29M shares on the first tranche, then these shares will be returned to SIAF after the debt obligations to third-party lenders has been settled, then afterwards these shares will be distributed to SIAF shareholders on the second tranche.

The second tranche distribution date is predicated on the date that SIAF completes its outstanding debt obligation payment to third-party lenders holding shares of SIAF as collateral, that is 8,445,435 SIAF shares, that are required to be returned to SIAF along with any and all dividend shares that had / have been distributed / received against those shares, which, under the current example, represents an approximate 3.29m TRW common shares becoming available for distribution to SIAF shareholders holding the aforementioned 39m shares eligible to receive dividends.