Replies to post #46400 on Sino Agro Food Inc (fka SIAF)

[slyestjester]

donot forget that we own only 45% of SJAP acc. to 10k. So the IPO cash available for divi is -at least legally- 45% of that amount.

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Plus in my recollection it's 33% of the divested amount, not 50%.
I wonder how that SJAP matter will be handled.

[Vilgot]

donot forget that we own only 45% of SJAP acc. to 10k. So the IPO cash available for divi is -at least legally- 45% of that amount.

As i Understood Solomon in Sthlm, he meant that 33% was our shares of the IPO meaning the total number shares IPOed would be more. And I am pretty shore there are som options for SIAF in SJAP to increase ownership but due to tax regulations they cant be exercised to ownership above 50%.