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RealDutch

08/29/15 4:19 PM

#94173 RE: snow #94171

The Board of the supposed vehicle has only two people. Is that desirable if they are to manage all SIAF's assets? I think not.



Most subsidiaries have only a few board members, even SJAP.

Cerestm is simply an add on. They provide services. Apply for loans. Deal with the details. Perhaps look into new technologies although Solomon does that himself. What do I know. It doesn't mean that SIAF does not manage their own assets anymore.

They could have hired those services. But since it is a lot of work and a lot of assets and for a long period, I guess it's better to set up this vehicle.