Replies to post #125888 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

The official conversion took place on Oct 5, to 36.6%.

They have to book what they own, at cost. As of Oct, 5. So yeah, I would say they have to book a gain. 36.6% of $340M + $25M (profit) + $30M (work) is higher than the $124M + $5M we have now.