Replies to post #147122 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

And if the Bus Adv. and Flying cristal was set up for future debt conversion, this must have been a plan all along, or? What we have understood is that this plan came late in 2017 when discovering tax issues regarding divi distribution.

8.7% equals the receivables from Q4/2016 + Q1/2017. At the time SIAF was settling other debt which resulted in an increased stake from 23.89% to 36.6%, settling roughly $43M in debt.

I guess they (the partners) wanted to keep the option open to repay SIAF from pre-IPO financing or whatever.