Perhaps they will meet that late 2015 timeline for the first spin-off.
BooYAH!
"A review of the corporate structure has led to a decision by the Board of Directors on November 11, 2014 to evaluate and to explore proposed listing opportunities available to the integrated cattle farm joint venture in Xining, which we refer to as "SJAP." In this respect, a suitable financial advisor will be hired to evaluate and to explore the said listing as well as any prospects for domestic or international merger and acquisition or disposition transactions for SJAP. The primary purpose of this process is to crystallize the values that have been built in SJAP. The Company expects to work closely with ECAB throughout this process.
During the first six months of 2014 alone, SJAP reported Sales of US$50.5 million ($26.9M in 2013) and Net Profit of US$15.9million ($10.9M in 2013). A summary of SJAP is available on the Company's website: http://www.sinoagrofood.com/?q=2014-sjap-overview