Sino Agro Food Inc (fka SIAF)

[ks1977]

As I pointed out earlier the PR on Oslo Børs refers to SIAF-ME.

SIAF-ME - Shares trade ex right to receive shares in Tri-Way Industries today.

Reference is made to the announcement made by Sino Agro Food Inc. (“SIAF” or the “Company”) on 8 October 2018 regarding the distribution of shares in Tri-Way Industries (the “Distribution Shares”) to shareholders of record 31 October 2018 (the “Record Date”). The shares in the Company will trade exclusive of the right to receive Distribution Shares today, 30 October 2018.

Each shareholder in SIAF will receive 0.3707 Distribution Shares for each share held in SIAF as reflected on the Record Date (subject to rounding up to the next whole Distribution Share).

Each Distribution Share is valued by the Company at USD 3.40645, such valuation based on the valuation made at the carve-out date (5 October 2016).

The Tri-Way shares will be registered in book-entry form with the company registrar of Tri-way Industries, Cosmo Secretaries Limited (HK) on or about November 14, 2018. Eligible shareholders will be able to access an individualized webpage prior to year-end 2018 to view their share balance. Further details on how to access the individualized webpage will be provided at a later stage.

For further information, please contact:

Peter Grossman
Investor Relations
1 [phone]
[e-mail]

Nordic Countries
[phone]
[e-mail]

(newsweb.oslobors.no/message/462345);

Compare that to how Oslo Børs PRed the ex date for Equinor (Statoil);

Equinor ASA: Ex dividend

From 21 August 2018, the shares in Equinor (OSE: EQNR, NYSE: EQNR) at Oslo Stock Exchange (Oslo Børs) and American Depository Receipts (ADRs) in Equinor listed at New York Stock Exchange will be traded ex dividend USD 0.23. Record date is 22 August 2018.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

(newsweb.oslobors.no/message/457639)

For Equinor they stated "OSE: EQNR, NYSE: EQNR", while for SIAF they stated "SIAF-ME". The PR does say "The shares in the Company will trade exclusive of the right to receive Distribution Shares today, 30 October 2018" so the question then is whether Oslo Børs by "shares i the Company" refers to the SIAF-ME (which the start with) or also SIAF on OTC (and if so, why didn't they state it like with Equinor).

It might be that SIAF were able to bypass FINRA by having TRW distributing the shares, but to me it is mind-blowing if SIAF is allowed to distribute >>100% of market cap without any PR that the ex date is passed.