Replies to post #110841 on Sino Agro Food Inc (fka SIAF)

[Handlamera]

Correct RD, the only thing we can do is to relax and get rich. Tic tac.... :-)

[DrScience]

Thanks, I have spoken to my bank so I should not be taxed. It really doesn’t matter for me if the stock drops, I'm not a trader, nor do I have the time for that. I think there is such a huge potential in this company, if everything goes as it should in the near future...

[weeblewobble09]

What if my broker doesn't allow trading on HK?

[rhe66]

Nondividend Distribution: In the US I think this would fall under the category of a nondividend distribution which is usually not taxed. When you sell the Triway shares you received, the difference between the sale price and the basis would then be taxable. The basis of the Triway shares would be, as
RealDutch indicated, $3.50.