Replies to post #73390 on Sino Agro Food Inc (fka SIAF)

[challe08]

Thx EC, haven't heard about that registration before, source :-)?
Do you know why it takes such a long time? God knows we are experts on waiting in here still curious.

[viking86]

didn't S know about the max 33% ownership rule by holding company when he announced the SJAP spinoff two years ago in Stockholm? IIRC he told us then they would spin off for example 30-40% of SJAP and retain ownership of the remaining 70-60%. Whatever valuation the IPO of the spinoff bringt, half of the cash will be given out to us s/h as a special divi. I have been counting that windfall divi ever since although the spinoff gets pushed off more and more.

Now suddenly I hear from you first time about that max 33% residual ownership based on HKX IPO law. I hope that means a larger payout as special divi since they have to spin out 67% instead of 30-40% right? Especially if we can claim more than 45% ownership as we officially seem to own now?

[viking86]

To register as a holding company you need to have a minimum of five subsidiaries where you hold maximum 33% in each.

hmm let's see: FF2, PF2, PF3, Leonnie, WC1 so we have 5 subs we own less than 33% currently right RD? But that also means we cannot buy more equity in any of these just b/c we want to spinoff SJAP on HKX?