Replies to post #121556 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

What would they need $193M for?

http://www.reuters.com/article/brief-zhanjiang-guolian-aquatic-products/brief-zhanjiang-guolian-aquatic-products-to-raise-up-to-1-26-bln-yuan-in-share-private-placement-idUSH9N1LN022

Ah, it's here

https://www.undercurrentnews.com/2017/09/28/guolian-targets-3-0-billion-in-sales-by-2019-through-acquisitions-organic-growth/

Outlining broadly the firm’s growth strategy, he said that CNY 10bn of the firm’s sales will come from organic growth, while CNY 10bn will come through acquisitions.

Oh yeah, I remember this one. Too funny.

Third, for Guolian to increase its sales through acquisitions, it will need to pull off some deals. Last year, Guolian was involved in the bidding process for China Fishery Group, the Peruvian anchovy fishing and processing company owned by Pacific Andes International Holdings (PAIH). Valued at about $1.5bn at the time, the sale process fell through after PAIH’s owners filed for bankruptcy in a US court.