Sino Agro Food Inc (fka SIAF)

[RealDutch]

The value reported here is the appraisal value, to which they used profits (in 2016) and a PE of 10-12

Only for AF1

https://www.sec.gov/Archives/edgar/data/1488419/000114420418008594/filename1.htm

PF2 through PF5, having been developed/constructed and coming online within 2-years of the Investment Agreement (August 18, 2016), with some segments of those facilities still under construction as of that date, had had their valuation pegged to the cost of construction for purposes of asset values included in the agreement. Fish Farm 1, since it had undergone additional upgrades and retrofitting of its facilities since the time of its coming online in 2010, had a third-party appraisal conducted in order that its market valuation would be current and in-line with the asset values of PF2 through PF5 included as part of the agreement.