Sino Agro Food Inc (fka SIAF)

[ks1977]

Try to find a statement where they say they will distribute half, or 18.3%

I can find 18.3%, but not half

10-Q for Q1;

Tri-way share distribution to SIAF shareholders
The Company wishes to inform its shareholders that it continues to work toward a means of providing its shareholders with share ownership in Tri-way as it had intended since the carve-out of the Tri-way subsidiary. To date, an option allowing for an almost tax-free burden to the Company appears to have materialized while still providing shareholders an 18.3% distribution of Tri-way’s fair-market value. The Company intends to issue the details of the course of action it seeks to implement in its Q2 2018 report, once the final details of the arrangement have been cleared and readied for implementation.

10-Q for Q2;

Tri-way share distribution to SIAF shareholders
As alluded to in our Form 10-Q for the period ended March 31, 2018, the Company has been in communication with Tri-way on a concept / plan that allows our common shareholders, eligible to receive dividend, to receive 18.3% cumulative ownership in Tri-way that does not impose a tax-liability to either company. The outline of the distribution plan will be made public by Tri-way in the next few weeks. Essentially, we believe that there will be two (2) scheduled distributions whereby, under each distribution, SIAF shareholders in exchange for Tri-way debt held by SIAF will receive convertible preferred shares of Tri-way in an amount equivalent to $3.41 per share value of one common share of Tri-way, the number of preferred shares to be received in book entry form to be based on the number of SIAF shares held by each eligible shareholder as at / on two (2) separate Record Dates, the dates of which shall be announced by Tri-way along with possibly their Conversion Dates announced, simultaneously.

And in CC Q2 from 32:30; still 18.3% and nothing about 36.6% or half.

I.e no, can't find anywhere (recently) where they state that they will distribute 50% of SIAFs holding in TRW (although we all know that SIAF has 36.6% and that they are distributing 18.3%)