Replies to post #30208 on Sino Agro Food Inc (fka SIAF)

[prokopton]

"The 26% and 50% subs is the same one [HSA] if you take a closer look.

This is what I mean by C-O-N-V-O-L-U-T-E-D.

SIAF owns Tri Way Industries, which in turn owns 26% of HSA.

SIAF owns A Power Agro Agriculture Development, which in turns owns 45% of SJAP, which in turn owns 50% of HSA.

So what is SIAF's ownership % in HSA? It's not 76% because SIAF only owns 45% of SJAP, which owns 50% of HSA.

“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” ? Steve Jobs

Right now SIAF seems a bit too complex for me.