That is a possible explanation. There has been a few people here who seem to not want the TRW-shares, so they might have wanted to wait till after the TRW-distribution to get a nice discounted PPS and just go for the cash dividend.
Jyyoo Correct. Last day to buy was yesterday, Monday, to qualify. All shareholders that have SIAF shares booked and registered tomorrow will get TRW-shares in this distribution.
SIAF have “nothing” to do with this. They will deliver the information about shareholders only.