Sino Agro Food

Sino Agro Food Reports That Tri-Way Industries Closes Credit Facility PR Newswire PR NewswireAugust 27, 2019, 3:20 PM GMT+2 Backs Expansion of Tri-Way's Trading Business GUANGZHOU, China, Aug. 27, 2019 /PRNewswire/ -- Sino Agro Food, Inc. (SIAF) (OSE:SIAF-ME), a company focused on high protein food including seafood and cattle ("SIAF"), reports that its equity investee, Tri-Way Industries Ltd. closed agreements in late July with Incomlend Pte. Ltd. (a Singapore-based Insurance Company) and Stenn (a UK-based Insurance company) on two USD 5.0 M trade invoice financing facilities ("TIFF") to allow lines of credit extended to the buyers and/or sellers for the import, export and distribution business of SIAF's equity investee, Tri-Way Industries Ltd. https://finance.yahoo.com/news/sino-agro-food-reports-tri-132000213.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAn5L_NF5BHyO6sXWFngYlk45N07BOchG-eHO-xww_PHxunfXfBlLGC75U__XvbrbKFgNeOzsvBi2uaTU16NmG-xxhOl1u8aHjM8W6Bm62H3whLU-DRvwjrtkB2hGoK_yn6ekSXrpu2gbBW1oN4Phbl-396nk9awsxao9U1heiMV

Sino Agro Food, Inc. Reports 2019 Q2 Results Revenue of USD 38.6 M; EPS of USD 0.13 https://www.prnewswire.com/news-releases/sino-agro-food-inc-reports-2019-q2-results-300902222.html

Sino Agro Food, the firm behind the shrimp “megafarm” in south China, is to be delisted from the Oslo stock exchange after committing “gross violations” of stock market rules. The delisting comes as the firm’s share price trades at NOK 1-2 ($0.12-$0.23), down from NOK 84 per share less than five years ago. According to the Oslo stock exchange, the last listing day for shares in Sino Agro on the Merkur Market will be Sept. 10. Breaches include Sino Agro’s failure to distribute dividends in the form of shares in Tri-way Industries, after a resolution committing to do so in October 2018. Tri-Way Industries was sold a majority stake in Sino Agro’s megafarm after a carve-out in 2017. Sino Agro’s troubled megafarm project -- which uses indoor recirculated aquaculture technology -- came under scrutiny after repeated delays to the start of farming shrimp resulting from problems with production and what the firm claimed was a lack of funds. https://www.undercurrentnews.com/2019/07/11/sino-agro-to-be-delisted-from-oslo-stock-exchange/

Offering aims to raise USD 40M Company also files for shareholder option to exchange common shares for new preferred shares GUANGZHOU, China, June 27, 2019 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQX: SIAF) (OSE: SIAF-ME), a company focused on high protein food including seafood and cattle ("SIAF"), has filed forms S-1 and S-4 with the SEC relating to the offering of a new class of preferred shares. The transactions described in the S-1 and S-4 are expected to commence in the third quarter of 2019, subject to clearance by the Securities and Exchange Commission. Such approval cannot be assured. https://www.prnewswire.com/news-releases/sino-agro-food-inc-files-to-offer-new-preferred-shares-300876534.html