Replies to post #82802 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

So this is how I see it.

Suppose Phase 1 costs $200M
Then Party A (Chinese partners) provides $60M (30%).
They are lacking some $70M.
So Glory Ocean is providing the other $70M (which is actually also the Chinese partners).

Last year they were in a hurry to find investors for the other $70M. This year, they don't seem to be in a hurry. I never understood why, to begin with. Because they don't need the processing factory IMO. They can get this up and running without it.

So, SIAF has more than 15 months to come up with $110M. Which will buy them a 55% stake. I think that's what we're looking at now. And then the Chinese partners will get their $70M back which they put into Glory Ocean. And say, thank you.

And if they do find other investors, then they will have to pay 70% for a 55% stake. Although they won't get the whole 55% since the project only requires $70M. So in this case the new investors could end up with a 55/2% stake and SIAF owning the other 55/2% stake.