Sino Agro Food Inc (fka SIAF)

[mauiguy2]

The Angola project was taken off the table. In Solomon's words:

Unfortunately, the Angolan project did not come to fruition. Frankly, when some of the prospective obligations under the MOU became imminent, the customer requested unacceptable term changes. The period between MOU and binding contract always carries this type of risk.

I don't think this news is much of a surprise to any of us here. Risky Angolan investments seldom pan out. I'm glad this project ended sooner than later.