Sino Agro Food : Der Agrar-Riese

hallo!

sino agro food  ist ein interessanter stark wachsender china-wert , welcher in 2014 die weichen für eine erfolgreiche zukunft stellt/gestellt hat.

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Introduction:

1. Aquaculture, or fish farming, will provide close to two thirds of global food fish
   consumption by 2030

     
    en.mercopress.com/2014/02/06/...bal-food-fish-by-2030-says-fao

2. Global Aquaculture Market Trends, Size Research Report 2020 at GrandViewResearch

    www.benzinga.com/14/09/4853060/...ndviewresearch#ixzz3DZ7czPTB

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About Sino Agro Food, Inc.:

Sino Agro Food, Inc. (SIAF) is an integrated developer, producer and distributor of organic food and agricultural products in the Peoples Republic of China (PRC). The Company is focused on developing, producing and distributing higher margin agricultural products to meet the increasing demands from China's emerging middle class consumers for wholesome, trustworthy, higher quality, and gourmet or medicinal food items. We specialize in producing the highest quality beef and seafood, and high value produce.

Current lines of business include Aquaculture, Livestock Farming, Plantation Farming, Farm Services, and Marketing & Trading.

The Company's largest and most scalable businesses are indoor and semi-enclosed open dam aquaculture production of a variety of seafood, prawns, and eel, and production of over 60 cuts of beef and lamb. Both businesses fit the Company's "farm to table" concept with protein foods being nurtured from birth with proprietary feeds and technology to end sale of packaged products. In the case of aquaculture, the Company uses a proprietary Recirculating Aquaculture System ("RAS") featuring indoor tanks with fresh water recirculating 60 to 120 times per hour, controlled feed and growth environments, and no use of hormones, antibiotics, or other drugs or chemicals. In the case of beef and lamb protein products, live cattle is grazed and grazed on specified grasses grown with our proprietary fertilizers and methods; raised and fattened using proprietary livestock feed; deboned and packaged at the Company's abattoir, and sold through Company owned butcher shop concessions at Tesco PLC stores, among other outlets.

www.sinoagrofood.com

www.facebook.com/SinoAgroFoodInc

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Accomplishments:


1. Dreagon Head Enterprise Status:

On October 28, 2013 Sino Agro's majority controlled subsidiary SJAP (Qinghai Sanjiang A Power Agriculture Co., Ltd.) nomination to apply the merit credentials in China to become a certified China Dragon head Enterprise was approved by government authorities.
This is a major achievement and marks a milestone in SJAP's business operations, plans, and prospects. "Dragon Head" designation both validates and promotes SJAP's transformation from purely a producer of whole live cattle to a producer, processor, and marketer of packaged, value added beef products. Such vertical integration presents a significant competitive advantage in the region. In the first quarter of 2014, a multiplier effect will begin to accrue across all financial measures.  "Dragon Head Enterprise" is a prestigious certification granted by the Government to businesses demonstrating corporate social responsibility ("CSR"), pioneering and leadership in business, and high standards of quality and services. It frequently leads to additional governmental grants and other forms of assistance. The Qinghai Province population has a larger percentage of ethnic minorities than most, and thereby businesses receive proportionately higher grants, incentives, assistances and subsidies from the Government. Stemming from its business model, SJAP has been well supported by the Government due to our CSR. The Company expects to receive even greater support from the Government with the approval of its "Dragon Head Enterprise" status.



2. Contracts with TESCO PLC:

The Company is delighted to announce that its China joint venture company Qinghai Sanjiang A Power Agriculture Co., Ltd. ("SJAP") has entered into two contracts with Tesco, PLC to become both a supplier and an in-store butcher shop concessionaire of beef and lamb. The contracts became effective June 19, 2014 and run for five years.

www.prnewswire.com/news-releases/...h-tesco-plc-264720691.html



3. Sino Agro Food Closed US $25 Million Convertible Note Funding:

The Company is pleased to announce that it has closed a net US $24,975,000 convertible note funding with Euro China Capital AB ("ECAB"), a Nordic investment house, on the 29th of August, 2014. Euro China Capital AB's Managing Partner Fredrik Danielsson commented, "We have conducted extensive due diligence on Sino Agro Food over the past two years and are impressed by the operations that Mr. Lee and his team have managed to develop.

uk.reuters.com/article/2014/09/04/...KnPn77ND49+8c+PRN20140904



4. Newly Operating Abattoir Facilities  (Slaughterhouse):

SJAP slaughtered 158 head of cattle and de-boned 88 metric tons of meat in June. SJAP is on target to sell 20,000 head of cattle in 2014, raised by local cooperative farmers and grazed on land leased to SJAP to promote modern agriculture in the region.
Rapidly increasing proportions of cattle will be processed through SJAP's abattoir and de-boning/packaging facility in the second half of 2014. From there, meats will be distributed to various resellers. Under the SJAP "Bull" brand, up to 60 different cuts of packaged beef will be prepared for resale at SJAP concession butcher shops located within TESCO stores in China.



5. Mega Prawn Farm:

Sino Agro Foods has announced that its planned prawn farm complex will culture shrimp and prawns from hatchery to grow-out and packing all on its giant complex. With production expected to start in the second quarter of 2015. With a staggering production estimate of 300,000 metric tons, the company stated it hopes to reach this figure after ten years of production. The company has set a production target of 10,000 metric tons for the first two years, 30,000 metric tons in three years and 100,000 metric tons in five years.The farming system prides itself in being 100 per cent sustainable, as the shrimp/prawns are born, bred and grown in a closed indoor Re-circulating Aquaculture System (RAS). Sino Agro Foods' A Power Re-circulating Aquaculture System and Technology (APRAS) uses indoor tanks that re-circulate fresh water at a rate of 60 times an hour. As a closed system, it has low mortality rates of less than eight per cent and is less susceptible to the introduction of disease, meaning little or no risk of Early Mortality Syndrome. Most importantly, RAS is a green farming system since it does not require chemicals or antibiotics to recycle the water. Around 99.75 per cent of water within the tank can be recycled while the excrements of aquatic products can be used as organic fertilizer. It is these qualities which will also allowed the farm to use hydroponics to grow fruit and vegetables alongside the shrimp/prawns. This staggering project will also benefit the local community through the creation of 145,000 peripheral and direct jobs, a guaranteed sufficient food supply and an increase in local incomes - as direct employee jobs should have an average salary 25 per cent higher than average urban resident of Zhongshan and 100 per cent higher than the average rural resident.

m.thefishsite.com/news/22837

www.undercurrentnews.com/2014/03/26/...-a-whole-lot-of-prawns/

sinoagrofood.investorroom.com/download/...ject_Information.pdf


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Financial Reports:

www.sec.gov/cgi-bin/...ro+food&owner=exclude&action=getcompany

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NASDAQ:

Sino Agro Food, Inc. is pleased to announce that on October 2, 2013 it applied to have its equity shares listed on NASDAQ's Capital Market® exchange.

sinoagrofood.investorroom.com/...nc-Applies-for-NASDAQ-Listing


First North:

GUANGZHOU, China,  Feb. 19, 2013  /PRNewswire/ -- Sino Agro Food, Inc. (OTCBB:
SIAF), an emerging integrated, diversified agriculture technology and organic
food company (the "Company") with its principal operations located throughout
the Peoples Republic of China  ("PRC"), is pleased to update shareholders on its
progress for cross-listing on NASDAQ-OMX First North.

www.reuters.com/article/2013/02/19/...nNY62331+160+PRN20130219

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letzte Insiderkäufe:

- sandberg nils-erik  ( 22.08.2013) = Independent Non-Executive Director
www.sec.gov/Archives/edgar/data/1488419/...45X03/v353625_4.xml
- ritchey daniel        ( 07.04.2014) = Independent Board Member
www.sec.gov/Archives/edgar/data/1488419/...X03/primary_doc.xml
- ritchey daniel        ( 29.09.2014) = Independent Board Member
www.sec.gov/Archives/edgar/data/1488419/...X03/primary_doc.xml


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Risiken:

- siaf = china rto, mit all den bekannten risiken ( u.a. komplizierte vie-struktur, probleme bezüglich "collectibility/ accountability against assets located in china" )
- schwankende lebensmittelpreise,...

was unterscheidet siaf von anderen chin. rto's:

- unabhängige nicht-chin. vorstandsmitglieder
  (Mr. Daniel Ritchey, Mr. Lim Chang Soh, Nils-Erik Sandberg, Koi Ming  (George) Yap)

- transparenz: -siaf veranstaltet regelmäßig touren zur besichtigung des operativen
                         geschäfts

                        -siaf veröffentlicht regelmäßig unabhängig geprüfte finanzberichte an die
                          sec

                        -regelmäßige updates internetseite / facebook

                        -cfo bestimmt

( www.prnewswire.com/news-releases/...ial-officer-260161401.html )

                         - chief internal auditor bestimmt

( www.prnewswire.com/news-releases/...nal-auditor-269532421.html )  



problem in der vergangenheit: starke wachstum wurde finanziert über die ungebremste ausgabe von aktien, ABER: ( siehe sept.04 2014)

As part of this convertible bond, Sino Agro Food has undertaken a commitment to cease the issuance of new shares as a means to pay suppliers and similar. Our ambition is that the equity will never again be used as currency until it has reached a value that to some degree reflects the fundamental value of the Company. With this foundation and Mr. Lee's commitment to work with Euro China Capital now in place, we are confident that we have established a platform from which Sino Agro Food has the ability to transform its operational success into value for all its shareholders.

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keine kaufempfehlung!

disclosure: long

aktienzahl wird nun, aufgrund des convertible note funding, von 170mio auf  225mio erhöht.
das könnte heute eine korrektur führen, allerdings hat sich die lage von sino agro food aufgrund des einstiegs von euro china capital stark verbessert.
auch wenn der deal auf den ersten blick in die hände von euro china capital spielt, ist dieser auch ein neubeginn für altaktionäre, da die grenzelose verwässerung ein ende findet und sich durch den einstieg von euro china capital (angesehener investor aus schweden) weitere finanzierungsmöglichkeiten ergeben werden....

SEC Form PRE 14C
app.quotemedia.com/data/...Filed=2014-09-30&cik=0001488419

ab jetzt gilt:

"As part of this convertible bond, Sino Agro Food has undertaken a commitment to cease the issuance of new shares.....Our ambition is that the equity will never again be used as currency...."

hinweis: somit hat daniel ritchey mit seinem insiderkauf am 29.09. zu $0,9 ein starkes signal gesetzt!

Sino Agro Food, Inc. has attracted coverage by Stockholm's Analyst Group, with an initial investment thesis published on October 28, 2014.

sinoagrofood.investorroom.com/analyst-group_report

GUANGZHOU, China, Nov. 13, 2014 /PRNewswire/ -- Sino Agro Food, Inc. (OTCBB: SIAF) is an integrated, diversified agriculture technology and organic food company (the "Company" or "SIAF") with principal operations as primary producer, processor, and marketer in the People's Republic of China ("PRC").

As the press release issued on September 4, 2014 alluded, the Company has conducted strategy sessions spanning four days with Euro China Capital AB ("ECAB") in Stockholm in late September planning how to best enhance shareholder value. As a result of these strategy sessions, the Board of Directors has agreed in principle on an initial general plan as well as some concrete initial action items as first steps of this plan.

www.prnewswire.com/news-releases/...ional-focus-282556121.html

.... siaf wächst weiter, aber zahlen eher gemischt...

u.a. schlachthof läuft langsamer an als vermutet.

www.sec.gov/Archives/edgar/data/1488419/...875/v393120_10q.htm

sino agro food auf dem weg an die nasdaq?!

www.prnewswire.com/news-releases/...verse-split-300010332.html

The reasons for this action are to:

-Avoid SIAF shares being classified as a penny stock,
-Satisfy one of the listing requirements of any U.S. main board stock exchange,
-Attract investors, particularly institutional shareholders, and
-Enable Swedish brokers to accommodate trading of SIAF shares.

Update on Sino Agro Food, Inc. and Euro China Capital AB Strategic Plan

sinoagrofood.investorroom.com/index.php?s=43&item=127

Und noch drin ?
Oder denkst Du es liest keiner mit und hast aufgegeben. Ich habe in meinem China Agrardepot Agria und CGA. Üverlege ob ich noch ein paar SIAF dazu nehme.
Wie sind Deine Erwartungen für die nächsten Monate ?  

hi rabe, ich poste nur gelegentlich (aber weiterhin long).... hier weitere news zur aktie:

1. Shanghai Distribution Center Project ( Update )

Construction of our Shanghai Distribution Center is progressing, with operations scheduled to begin in February, 2015. Facilities include two offices, one for meat (Shanghai Vigour Trading Limited) and one for seafood (Shanghai Coral Seafood Limited). To feature our products, there is a 500 square meter display showroom inside.

http://www.sinoagrofood.com/...2Fshanghai-distribution-center-project

2. SCHEDULE 13G

Name of Reporting Person
Forsakringsaktiebolaget Avanza Pension

Number and Percentage
of Shares Beneficially Owned
16.46 % /2,795,554

http://app.quotemedia.com/data/...Filed=2015-02-03&cik=0001488419

3. MegaFarm:

3A: Mega Farm Phase 1
(Bilder im Zeitraum von Oktober 2014 bis Januar 2015)

https://www.youtube.com/embed/Sa2No6bx2tw

3B:Bilder vom 11.02.15:

https://plus.google.com/app/basic/photos/...album/6116641104781417937

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schlachthof, sollte bereits zu den nächsten zahlen, eine deutlich höhere kapazität aufweisen.....

megafarm ist im bau (siehe bilder) und wird produktion aufnehmen....

ich erwarte news zu einem möglichen senior-listing ( nasdaq oder fn )...

ich erwarte news  bezüglich qinghai sanjiang a power agriculture co., ltd. (SJAP)...

(siehe: http://sinoagrofood.investorroom.com/index.php?s=43&item=127)

www.sec.gov/Archives/edgar/data/1488419/...143/v404849_10k.htm

umsatz: 404,3mio
ebit:        114,9mio
gewinn:    92,0mio

.... um alles zu lesen, braucht man hier viel zeit. .. :)




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ps.:  40t pro tag!!!


Sino Agro Food, Inc.

With state-of-the-art defrosting technology, unavailable elsewhere in China, SIAF's Shanghai Vigour Trading Limited is set to deliver 40 tons of imported Australian Angus beef to Shanghai's wholesale market each day!

m.facebook.com/SinoAgroFoodInc/photos/.../?type=1&theater

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hab ich gestern nacht gar nicht gecheckt....

During March 2015 the Company secured two loans from two reputable financial institutions in the United States. These loans are to be collateralized by stock in the Company.

www.prnewswire.com/news-releases/...ted-results-300059122.html

Sino Agro Food Engages Burnham Securities Inc. as Investment Banker & Financial Advisor

www.prnewswire.com/news-releases/...ial-advisor-300061739.html


Sino Agro Food CEO Solomon Lee commented, "I am very pleased to announce the engagement of Burnham. This is another milestone in Sino Agro Food's corporate strategy to successfully complete the investment plan we initiated in 2010. Burnham and its relationships with major China-based investment funds have the potential to bring SIAF deep alliances and experience in the capital markets that could help us to continue to enhance shareholder value."

Burnham Securities' Dan McClory, Managing Director and Head of China Investment Banking, described the engagement with SIAF as "an outstanding opportunity to work with a major Chinese agribusiness focused on sustainable protein food and produce, and strengthen the strategic investment approach of Chairman Lee.  SIAF is in an advantageous position in the world's largest market for agriculture."  

Sino Agro Prawn Farm Prepares for First Stocking

Last year, Sino Agro Food (SIAF) a vertically integrated protein food producer, reported that it was building what will be the world’s largest freshwater prawn farm in Nanlang Town, Zhongshan City, Guangdong Province, China. As the company prepares for its first stocking in April 2015, TheFishSite talks with the company about their progress and plans for producing high standard sustainable seafood, writes Lucy Towers, TheFishSite Editor.

www.thefishsite.com/fishnews/25374/...ares-for-first-stocking/

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Form 4:

SANDBERG NILS-ERIK EDUARD
(Independent Non-Executive Director)

5000aktien zu $12,24

app.quotemedia.com/data/...iled=2015-04-14&cik=0001488419u

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Sino Agro Food Inc. Announces Important Milestones in Strategic Plan

   Long term vision: Sino Agro Food's long-term vision is to become a leading sustainable aquaculture company focused on organically farmed fish and prawns. In this process, other businesses will be divested, either through separate listings or M&A.
   Listing of the Company's shares on the Oslo Stock Exchange: The Company has together with its newly appointed financial advisor Arctic Securities set an objective to list its common equity on the Oslo Stock Exchange as soon as practicable.
   New Chief Financial Officer: Mr. Bertil Tiusanen has been appointed as group CFO. Mr. Tuisanen has previously been CFO at large Swedish corporations such as Vattenfall AB and Coop AB. Mr. Tiusanen is currently employed as advisor to the Norwegian Government and will start as full-time CFO of Sino Agro Food on May 1st 2015.
   New Nordic Investor Relations: Box Communications has been engaged to handle the Company's Nordic IR activities. Mr. Tomas Oqvist, previously top-ranked Swedish equity analyst, will act as Nordic IR Manager with special responsibility for institutional investors.

sinoagrofood.investorroom.com/index.php?s=43&item=132

Sino Agro Food, Inc. Appoints Chairman of the Board for Qinghai Sanjiang A Power Co. Subsidiary


"The Company is delighted that Mr. Peter Rosta has accepted the position of Chairman of the Board of its beef subsidiary, Qinghai Sanjiang A Power Agriculture Development Co. Ltd. ("SJAP"). "

"The Xining Government has recommended that SJAP participate in the acquisition of two beef subsidiaries of a state owned enterprise, The Sanjiang Group ("SG"). SG is one of the largest agriculture companies in China, with total assets over $15 Billion"

"In addition, the Company has engaged KPMG to conduct financial due diligence on the merger and acquisition of the two subsidiaries, as well as further consulting work at SJAP with the aim to become its official auditor in 2016."


www.prnewswire.com/news-releases/...-subsidiary-300083883.html

q1/15: umsatz: $ 115,4mio
            gewinn : $  23,73mio

www.sec.gov/Archives/edgar/data/1488419/...601/v409705_10q.htm

www.prnewswire.com/news-releases/...yout-policy-300107539.html

CFO Bertil Tiusanen commented: "SIAF is a growth company on a trajectory to become a leading sustainable aquaculture company, and already deploys capital efficiently with a high return on invested capital. We will, of course, honor our promise to our shareholders, but as long as growth prospects and capital returns are attractive, most of the Company's cash flow will be reinvested into existing or new projects."

Sino Agro Food Updates Progress at Prawn Farm 2 Production Milestones Reached

In late first quarter 2015, Prawn Farm 2 ("PF2") began to meet targeted daily sales of five million Giant River Prawn ("GRP", genus species Macrobrachium rosenbergii) post-larvae ("PL," previously referred to as "fries" or "fingerlings"); the same production is anticipated for the remainder of 2015. Sales of GRP PL are expected to generate in excess of $10M in 2015.

PF2 is pursuing a similar course for quality brood stock for the Mexican White and Green Prawn varieties. The Company anticipates that full production for all three varieties will be measured in billions in 2015, with average prices varying from $46 to $114 per 10,000.

https://www.morningstar.com/news/pr-news-wire/...estones-reached.html

http://www.undercurrentnews.com/2015/07/22/...g-up-shrimp-production/

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weiterhin:

Prawn Farm 1, Hylocereus Undatus (HU) Plantation, Cattle Farm 1
June 2015:

https://www.youtube.com/embed/0AontnrbIoE

und:

construction progress at zhongshan new prawn project (megafarm)

June - July 2015:

https://m.youtube.com/watch?v=YyCLpIDwDgg&feature=youtu.be  

umsatz: $90,8mio
gewinn: $9,9mio
gewinn/aktie: $0,51

app.quotemedia.com/data/...Filed=2015-08-14&cik=0001488419

... Increase the Pace of Structural Changes:

1. Mr. Fredrik Danielsson of Euro China Capital will be nominated to join the Company's board of directors as an independent director with special focus on finance and capital markets related matters.

2. It is anticipated that the pace of divestments will be faster than initially announced. The Company now aims to assist 3 to 4 of its subsidiaries through either a listing or an M&A exercise within the next twelve to eighteen months.

The decisions do not affect the listing process towards the Oslo Stock Exchange with Arctic Securities as financial advisor, which is moving forward according to plan.

www.prnewswire.com/news-releases/...ral-changes-300135166.html

telefonkonferenz 17.09.15:

thema:
einführung von fredrik danielsson (new
board nominee), sowie der wandel ( "The Company now aims to assist 3 to 4 of its subsidiaries through either a listing or an M&A exercise within the next twelve to eighteen months.")
von sino agro food hin zur reinen aquaculture company und geplanter börsengang in oslo.

cloud.magneetto.com/wonderland/2015_0917_Sino_Agro_Foods/view

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AQUACULTURE LEADER WILL APPLY TO OSLO STOCK EXCHANGE

www.kyst.no/hovednyhet/?article_id=116017

In a few years, Sino Agro Food, Inc. (a US listed company, "SIAF," that operates in China) can become one of the world's biggest players in aquaculture. The company has announced that they are in the process of listing on the Oslo Stock Exchange.
Through SIAF's subsidiary, Capital Award, Sino Agro Food produces and sells technology used in aquaculture. The system is called APRAS and stands for "A Power Re-circulating Aquaculture System." In its eleventh generation, the system was continually improved over a long period by the company.
BREAKTHROUGH TECHNOLOGY
Currently, SIAF's APRAS equipped aquaculture operations produce mostly shrimp. Comparing an APRAS plant with a traditional fish farms for rearing of prawn species Mexican White (Litopenaeus stylirostris) in China, the differences are huge. An overview prepared by the company itself shows that in a APRAS plant can produce 50 tons of shrimp per worker, while the equivalent of a traditional open pond shrimp farm is six tons. Using re-circulating aquaculture systems it is possible to harvest 4-5 times a year, whereas a traditional shrimp farm harvests 1-2 times a year.
The company further argues that no antibiotics or chemicals are used in their APRAS operations, and that energy costs account for only 2.5 percent of the total production costs. Corresponding figures for traditional shrimp farming are not available. Average mortality is 8 per cent in the re-circulating aquaculture environment, but exceeds 25 percent in traditional shrimp farming. FCR (feed fed/weight gain) in the APRAS operation is 2: 1, compared to 4.5: 1 in a traditional system, it is claimed.
- Sino Agro Food's Capital Award subsidiary has revolutionized shrimp farming through the use of APRAS and made this farming production significantly more efficient, says IR manager of Sino Agro Food, Tomas Öqvist to kyst.no. Sino Agro Food has no plans to operate aquaculture production facilities outside China at first, but betting that they will eventually sell their farming products to Europe.

MEGA-FARMING
Sino Agro Food is currently working on plans for a giant project for shrimp farming in Zhongshan City, Guangdong Province in China. The project has been named Zhongshan New Prawn Project (ZNPP). - The project will be developed in three phases over a period of 20 years, and will fully developed have an annual production capacity of 200,000 tons of shrimp and fish, says Tomas Öqvist, referring to the project information that is published by the company.
In phase 1 and 2, which extends 10 years into the future, up to 100,000 tons of fish and shrimp will be produced. In phase 3, the capacity will expand so that within 20 years the farm will achieve an annual production of 200,000 tons of fish and shellfish or more. Development of infrastructure, housing, services, and all that jazz are also part of a giant industrial project like this.
- The first tanks will go into production already this autumn, says Tomas Öqvist.
Sino Agro Food is involved in several farming enterprises. But the ZNPP project is of an entirely different dimension than earlier aquaculture farms, such as a farm in Enping, which has an annual output of 1,200 tons, and functions as a demonstration plant for the company's technology.

Sino Agro Food To Seek a Listing for Aquaculture Operations
The Company is pleased to announce it has begun the first of three or four planned divestitures, and is currently exploring various opportunities for a spin-off including a separate listing on the Oslo Stock Exchange ("OSE") for a new Aquaculture Company comprised of its aquaculture operations. Creating a separate entity is a decisive step towards SIAF's vision to become a leading aquaculture company. Seeking a listing on the OSE is in line with the OSE's position as the world's largest and certainly one of the most important financial marketplaces for the seafood sector. SIAF intends to distribute a majority of its holdings in the new company to its shareholders as a result of the spin-off.

For some time SIAF has sought a listing in the Nordic region to facilitate trading of its shares closer to its largest shareholder base. The Company's recent focus has been to achieve a senior listing of the whole SIAF Group on the OSE as soon as practicable, and this process has been in motion since May 2015.

Given today's announcement that the Aquaculture Company will be listed in Norway, and given that the work required for listing is greater than initially estimated, the listing of the group company on OSE listing will not occur during 2015.

www.prnewswire.com/news-releases/...-operations-300176593.html

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weitere news:


- "Mega Farm" on SIAF's Investor Tour in September 2015:

vimeo.com/141981432

- promotional video produced by the owner of the New Zhongshan Prawn Project. A few inaccuracies were noted, so  the comments on the video's page indicate corrections:

vimeo.com/143432871


- China Aquaculture Industry Report, 2015-2018

www.marketwatch.com/story/...---reportlinker-review-2015-10-28

q3: umsatz:             $124,6mio
     gross profit:       $32,2mio
     gewinn/aktie:     $1,14

app.quotemedia.com/data/...Filed=2015-11-16&cik=0001488419

Key Points

Record setting revenue for the third quarter of 2015 increased by 16 percent to USD 124.7M (107.2). Compared to the second quarter of 2015, revenue growth amounted to USD 33.8M or 37 percent, mainly due to external factors that affected the previous quarter. Revenue from sales of goods increased by 17 percent to USD 96.3M (82.6) primarily due to increased deboning of imported beef at Integrated Cattle Farm (SJAP) and secondarily due to higher seafood production.

   Aquaculture sale of goods increased by 24 percent to USD 28.8M (23.2). The increase is mainly due to increased volumes of mixed seafood and prawns. Demonstrating the dynamic nature of RAS, several new, higher profit margin species of fish were sold during the quarter, offsetting the USD 5.5M decrease in eel sales.
   Integrated Cattle Farm sale of goods increased by 27 percent to USD 35.5M (27.9) mainly due to increased deboning of imported beef quadrupling production compared to Q3 2014. The increase in deboning volumes substantially offset the effect of lower prices of live cattle.
   Revenue from Project Development increased by 15 percent to USD 28.4M (24.6) at a rate exceeding three times the previous quarter. Weather improved in August, and the Company completed roof build out to allow interior construction to continue independent of weather conditions. The Zhongshan New Prawn Project ("ZSNPP") accounted for USD 19.4 M or 68% of Product Development revenue.

Gross profit decreased 6 percent to USD 32.3M (34.5), equivalent to a margin of 25.9% (32.2%). The decrease was mainly due to lower margins at the Integrated Cattle Farm and Aquaculture segments.  

   Aquaculture gross profit decreased by 22 percent to USD 5.7M (7.2) equivalent to a margin of 19.7% (31.3%). The decrease is mainly due to a lower eel gross profit of USD 5.1M offset by an increase in mixed seafood gross profit of USD 1.8M.
   Integrated Cattle Farm gross profit decreased by 26 percent to USD 6.7M (9.1) equivalent to a margin of 18.9% (32.7%). Live cattle gross profit decreased by USD 3.9M, offset by an increase in the gross profit of quarter cut imported beef deboning of USD 1.6M.
   Project Development gross profit increased by 2 percent to USD 11.3 (11.0) equivalent to a margin of 39.6% (44.7%).

G&A expenses increased by 11 percent to USD 4.0M (3.6) reflecting ongoing heightened expenses related to various corporate exercises including listing costs.

Stockholders' equity increased by 24 percent to USD 464.3M (373.3) or USD 24.66 per share, based on the weighted average number of fully diluted outstanding shares in the quarter, an increase of USD 21.0M or USD 1.12 per share in Q3 2015.

As of September 30 2015, the Company had unrestricted cash and cash equivalents of USD 9.55M (4.69) and net working capital of USD 304.6M.

Net of 280,000 shares securing a new trade facility, as of November, 12, 2015 the outstanding common share count increased less than .7% compared to 18,951,737 as of the last previously reported date, August 11, 2015.

Subsequent Events and Outlook

A three-year secured trade finance facility amounting to USD 15M was entered into with a China based lender.

The Agricultural Development Bank of China renewed SJAP's credit facility of RMB 60M, supplemented by an additional new project loan of RMB35M for new development or possible M&A activity. Under certain conditions, the project loan may be converted to long-term debt.

First stocking of the Zhongshan project is expected in early 2016 with completion of phase 1 and 10,000 MT of seafood capacity targeted to be achieved in 2016. The delay of the stocking is due to certain workmanship in smoothing all tanks that has not been up to standard, thus requiring refurbishment that delayed the installation work of various filters of the tanks. The delay is not expected to have any impact on the long-term plan of the project. In the meantime, most of the basic infrastructure work for stage 2 of phase 1 has been carried out, preparing for construction of stage 2 tanks starting in December.

At Prawn Farm 2 the Company is finalizing roof work for newly developed RAS covered dams using newly improved APM technology. The aim is to improve production capacity to 6-7 harvests per year instead of 2-3 harvests per year of traditional Chinese open dams, while saving water and power costs and better utilizing land.

SJAP plans to expand its deboning capacity to 12,500 MT/year and its freezer capacity to 10,000 MT. The USD 15M trade finance facility provides revolving working capital for imports. Hence, the Company expects trading revenue to grow faster in the remaining months of 2015 and beyond.


CEO Commentary

CEO Solomon Lee summarized the quarter, "Third quarter results met expectations, returning to top-line growth. Sale of goods in both aquaculture and beef continue to perform well, growing revenue by a combined USD 13M.

Due to external factors, lower profitability in eels and live cattle sales reduced operating margins, mitigated by higher volumes of mixed seafood and beef imports.

We have seen some challenges in 2015. These include structurally lower prices for domestic beef in China, exceptionally heavy rains at the wrong time in Zhongshan, a cyclically weak supply of eel elvers, and a restriction on seafood exports in Madagascar. Overcoming each enhances opportunities for 2016. Historically we have adapted well to adversities that are unavoidable in the agriculture business.

Likewise, now at SJAP we are countering currently moderating margins by transitioning the herd, while still growing revenue by deboning imported beef. We are also engaging new export suppliers to replace those in Madagascar, while expanding import and distribution of beef from Australia.

In Aquaculture, similar to the second quarter, the cyclically weak supply of eel elvers resulted in reduced sales of eels. We introduced new fresh water species partially offsetting the decrease in sales, taking advantage of changing market conditions and prices.

Project development activity and profitability in the third quarter was restored compared to the second quarter. I look forward to reporting stocking and sales at ZSNPP during 2016.

Investments made in previous years at the HU-plantation to increase resilience and yield have paid off in the third quarter, with good performance despite challenging weather throughout this year's season.

The value of our individual assets has rarely been perceived according to potential. It was not until we proved compelling economics that outside perceptions improved materially, broadening our opportunities. This is why the time is right to begin to spin-off self-sufficient businesses.      

Restructuring our businesses as standalone organizations will create better understood and more appreciated businesses, bringing more value to our shareholders. As announced last week, a separate listing of our aquaculture operations is now underway in Norway; the leading capital market for seafood and the perfect home for our Aquaculture business."

seekingalpha.com/article/...ript?page=4&p=qanda&l=last

cloud.magneetto.com/wonderland/...ino_Agro_Food_Q3_Report/view

On the business operation and development side, I would like to take this opportunity to talk briefly about The Zhongshan New Prawn Project. We are on the verge of completing Phase 1 Stage 1 soon. This stage will eventually allow the production of 6,000 metric tons of prawns per year. Based on that alone, we will be the largest RAS prawn producer in the world and we demonstrate commercial viability and substantial ability, producing high quality, safe food from a fully ecologically sound and environmentally friendly project.
Now turning into turnover, at the current prices, I think the 6,000 metric ton will come close to a $100 million of turnover. Under our system, we can comfortably achieve between 50% and 56% effective margins on the growing of the prawn.And at the same time, every time we feel we also have earn a development and consulting services fees. The second phase, I think it will start mid-year, next year sometime. But because the second phase that we are building is almost redoubling the size of the Phase 1. They’re coming into 20,000 metric ton for that phase. So that will take at least one and a half years or more to complete that sector.

As we reported in our 2015 10-Q, Prawn farm 2’s development of the new RAS covered dams on 20,000 square meter broker land using our newly improved APM technology for open dams is just about complete. That will improve the product capacity aiming at 6-7 harvests per year instead up to 2-3 harvests per year of the open dam using traditional agriculture systems currently used in China.

Also reported in Q3 2015 10-Q, SJAP is expanding to increase its deboning capacity to 12,500 metric ton per year and its freezing capacity to 10,000 metric ton per year.

We have decided to spin-off agricultural assets and seek a separate listing for them on the Oslo Stock Exchange. We will create a pure-play company with considerable assets and high growth potential.

I think it is important for shareholder to remember that above and beyond the company’s execution to achieve growth, our efforts to spin-off asset and to list this on respectable and appropriate marketplaces, our aim at transparency and improved value visibility more in line with our peer groups.

Stockholders' equity increased by 24% year-over-year to $464.3 million or $24.66 per share, based on the weighted average number of fully diluted outstanding shares in the quarter, an increase of $21 million or $1.12 per share in Q3 2015.  

Sino Agro Food Approved for Trading on the Oslo Bors' Merkur Market


The Company is pleased to announce the approval for admission to trading of its common shares on the Oslo Bors' Merkur Market. Trading is expected to commence onJanuary 13, 2016 under the symbol "SIAF-ME," subject to satisfaction of conditions for admission to trading as described below. The Company's common shares will continue to trade on the OTCQB under the symbol "SIAF."

sinoagrofood.investorroom.com/index.php?s=43&item=161

erfolgreicher börsenstart in oslo ( oslo bors' merkur market )

www.oslobors.no/ob_eng/markedsaktivitet/#/...-ME.MERK/overview

bell ceremony:

e24.no/boers-og-finans/oslo-boers/...nye-markedsplass/23595221

SIAF CEO Solomon Lee commented, "I am very pleased to have our Company's securities traded on the Merkur Market. This represents one culmination of our efforts to broaden trading accessibility for current and future security holders in Europe, the U.S. and Asia, and to raise the Company's profile, as Norway is host to the largest financial seafood cluster worldwide."

--------------------------------------------------

13G:  Nordnet Pensionsförsäkring AB

app.quotemedia.com/data/...Filed=2016-01-14&cik=0001488419

--------------------------------------------------

Swedbank mit Kaufempfehlung für Sino Agro Food ( KZ $15)

www.vafinans.se/aktier/nyheter/...nts-kurspotential-1001002058

--------------------------------------------------

SIAF wechselt von  OTCQB  zu OTCQX U.S. Premier (19.01.2016):


www.otcmarkets.com/stock/SIAF/quote
www.otcmarkets.com/market-activity/otc-tier-changes

OTCQX = The top tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group.

This tier is designed to identify large, high-quality issuers that would qualify to list on a national stock exchange.

OTCQX for U.S. Companies is comprised of two distinct tiers, OTCQX U.S. and, for companies able to meet our highest standards, OTCQX U.S. Premier. OTCQX U.S. Premier Standards are aligned with financial standards of markets recognized by many states for issuer exemptions from blue sky laws.

TIUSANEN PERTTI AARRE EINARI (CFO)

2500 aktien für $10.1
( total value: $25,250.00 )

2500 aktien für $ 9.14
( total value: $ 22,850.00 )

www.sec.gov/Archives/edgar/data/1488419/...X03/v429329_4a.xml

www.sec.gov/Archives/edgar/data/1488419/...3/v429482_form4.xm

--------------------------------------------------

SEC Form SC 13G:

Incentive Active Value Fund: 1,1mio aktien

www.sec.gov/Archives/edgar/data/1488419/...0001/incentive.txt

--------------------------------------------------

SEC Form SC 13G:

Forsakringsaktiebolaget Avanza Pension:  3,0mio aktien

www.sec.gov/Archives/edgar/data/1488419/...16-3685_1sc13g.htm

wirtschaftsprüfer stellt zusammenarbeit ein + china wert = ungutes gefühl
 

www.sec.gov/Archives/edgar/data/1488419/...428/v431688_8k.htm

Sino Agro Food, Inc. (the “Company”) has accepted the resignation of Anthony Kam & Associates Limited (“AK&A”) as its independent registered public accounting firm, which resignation was submitted to the Company in a letter dated January 28, 2016. 

On February 11, 2016, the Company engaged ECOVIS David Yeung Hong Kong (“ECOVIS”) as its new independent registered public accounting firm based on the recommendation of the audit committee of its board of directors.

Sino Agro Food Begins Stocking Zhongshan Aquaculture MegaFarm

Sino Agro Food initiated stocking of its Zhongshan MegaFarm February 23, 2016, supplying the first two A Power Module ("APM") tanks with total of a 1,200,000 giant freshwater prawns (Macrobrachium rosenbergii) postlarvae ("PL," or young prawns).

sinoagrofood.investorroom.com/index.php?s=43&item=164

The Zhongshan MegaFarm is designed to become the world's largest indoor recirculating aquaculture system ("RAS") facility, producing safe, healthy, and sustainable seafood.

--------------------------------------------------
NORTH ATLANTIC SEAFOOD FORUM
( THE WORLD’S LARGEST SEAFOOD BUSINESS CONFERENCE )

The North Atlantic Seafood Forum is the world’s largest seafood business conference, and a leading executive meeting place for the seafood industry. In Bergen, March 1-3 2016, around 700 delegates from more than 35 countries and 350 companies will attend NASF.

On March 3, SIAF CSO Dr. Anthony Ostrowski will present at the North Atlantic Seafood Forum. His paper, “The SIAF APRAS Model: A Paradigm Shift in 21st Century Aquaculture,” will discuss the Zhongshan MegaFarm Project.

www.nor-seafood.com/

--------------------------------------------------

SEC Form SC 13G:

City National Rochdale, LLC       1mio. aktien

www.sec.gov/Archives/edgar/data/1009289/...1196/a6993913g.htm

bisherige cfo bertil tiusanen ist jetzt senior vice president of business development, new ventures-europe.  

( In his new capacity, Mr. Tiusanen will work to identify opportunities consistent with SIAF's global strategy, engaging with SIAF's global commercial leadership team, prioritizing current and new initiatives, and managing their launch in Europe. The aquaculture carve-out for listing in Norway is the first priority.).


neuer übergangs-cfo: daniel ritchey.

(Mr. Ritchey's work on behalf of the Company since its inception will provide for a seamless transition with Company plans moving forward.The Board will appoint a search committee to permanently fill the CFO position. )


Mr. Solomon Lee, Chairman and CEO commented:

"Mr. Tiusanen is highly qualified to handle the challenges his new position brings and to help accomplish the Company's goals in Europe. Mr. Ritchey will serve well as acting CFO bringing to it the same strengths and focus he has provided the Company over the last eight years. I am very confident in the work these individuals will provide their respective roles as we continue to develop our operations and move forward with our expansion."

www.prnewswire.com/news-releases/...development-300228845.html

- Arne Fredly Apollo Asset Limited hält 327,000aktien
- Alexander Hansson hält 150,000 shares

www.sinoagrofood.com/sites/default/files/..._translation_0.pdf

"According to a recent shareholder list Arne Fredly’s Apollo Asset Limited listed owns 327,000 shares in
the company which has a market value of 1.4 billion NOK. Through High Seas the Monaco neighbor Alexander Hansson controls 150,000 shares in the stock exchange rookie.
- The company is ridiculously cheap, and there is a lot that can happen, says Hansson to Finansavisen."



--------------------------------------------------

Dr. Anthony C. Ostrowski's presentation to the 2016 North Atlantic Seafood Conference, “The SIAF APRAS Model: A Paradigm Shift in 21st Century Aquaculture," is available for download from our website.

www.sinoagrofood.com/sites/default/files/...ift_3-mar-2016.pdf

vimeo.com/158286943

nach dem wechsel der wirtschaftprüfer benötigt siaf mehr zeit für den finanzbericht 2015.

sinoagrofood.investorroom.com/news-releases?item=175

  umsatz 2015: $429mio.
( umsatz 2014: $404 mio.  )

Shrimp News Interviews Dr. Anthony Ostrowski

www.shrimpnews.com/FreeReportsFolder/...oodsMegaPrawnFarm.html

revenue:                       $ 429.1mio
gross profit:                 $ 111.2 mio.
net income:                 $ 66.4 mio.
eps (fully diluted):      $ 3.60
stockholders' equity: $ 483,5mio.          
                                    ($ 24,66/share)

Sino Agro Food's Chairman and CEO Solomon Lee summarized the year, stating that "2015 was very much a transitional year during which we have continued to build operational capacity to support production well beyond current revenue. Further, we have laid the groundwork for financial restructurings. We expect to capitalize on these efforts in 2016.

We have initiated restructuring of the Aquaculture segment in preparation for a separate listing in Norway, the leading capital market for seafood. Contracts are currently being consolidated into our Hong Kong based Tri-way Industries Ltd. subsidiary.

Steps are also being taken in preparation for separate listing of other of our subsidiaries, again in an effort to align those operations and assets into proper market valuations."


sinoagrofood.investorroom.com/...ports-FY-2015-Audited-Results

"Tri-way will also serve as an excellent platform for raising debt capital. Restructuring the aqua [indiscernible] business segment into a standalone entity we undertake to incorporate a separate audit firm and Board of Director listing exercise et cetera. According to plan we projected Tri-way to generate healthy and growing revenue and profit in 2016 and 2017. By year end 2017 Tri-way is projected to generate sufficient profit to self finance further remaining development needs for capital expenditure and working capital at the Zhongshan MegaFarm project and other facilities."

"Steps are also being taken to create suitable, attractive candidates for other of our subsidiary in preparation for separate listings.
Having held numerous meetings with domestic Chinese other Asian and Nordic financial advisors in relation to separate listing of our assets we are pleased that two of our carve out candidate currently being worked on might well each achieved separate variation far greater than SIAF Group's variation."

"The company currently has two options on the table, one consisting the merging of the HU Plantation with the health and the herbal company with change of health food change food shops. This option promotes positioning the [indiscernible] of the producer and retailer with selenium rich and calcium rich health products using the HU flowers and immortal plans at its core produce.....
Work has progressed for the better part of two months on procedures preparing SJAP for listing on the NEEQ which is the National Equities Exchange & Quotation market in China i.e. the third board where it seems well-qualified for an invitation. We are encouraged by efforts to date and if all requisites are timely met, the separate listing of SJAP is projected within Q4 of this year."

seekingalpha.com/article/...5-results-earnings-call-transcript

SIAF Outlines Work Schedule for Aquaculture Carve-out

"For aquaculture assets, we have begun the process of transferring contracts from Capital Award into our Hong Kong based Tri-way Industries Subsidiary, such that Tri-way will acquire the rights to attain ownership in Prawn Farms 1 and 2, and Prawn Farms 3 and 4 of the Zhongshan MegaFarm. Tri-way will receive the current commission fee income on said farms until acquisitions are made. This creates a separate legal entity suitable for listing on a regulated market or multilateral trading facility, one with clear visibility into the financial performance of the Aquaculture operations. Tri-way will also serve as an excellent platform for raising debt capital.

The images below contain lists that itemize most necessary tasks, many of which are underway. The Company will publish progress on these steps as it occurs. The list also serves as a general template for the carve-outs of other assets:

sinoagrofood.investorroom.com/aqua-plan

--------------------------------------------------

Additional Details on Prawn Farm 4 Contractor Offer

sinoagrofood.investorroom.com/news-releases?item=182

--------------------------------------------------

Artikel in Intrafish:

translate.google.com/...Fnorsk%2Fnyheter%2Farticle1439151.ece

ernüchterung hingegen ist eingetreten hinsichtlich euro china capital AB und fredrik danielsson ( einstieg sept.2014).  er hat es bisher nicht geschafft, den wert von siaf freizusetzen. zuletzt ( august 2015 ) sollte er ein mitglied im BOD werden. seitdem ist nichts passiert und es ist eher ruhig um ihn geworden. die bisherige errungenschaft von ECAB war das ende der grenzenlosen verwässerung. den wert der aktie nachhaltig zu steigern blieben jedoch bisher erfolglos. der aktienkurs befindet sich wieder auf niveau des einstieges von ecab in sino agro food. hat das vertrauen in fredrik danielsson damit einen derzeitigen tiefpunkt erreicht?
das übergeordnete bild von siaf ist derzeit eher schlecht, nicht zuletzt deshalb finden sich wohl keine neuen investoren, trotz auch guter entwicklungen in jüngster vergangenheit. kann siaf das blatt erfolgreich wenden? noch sind nicht alle hoffnungen verloren, allerdings wird man hier wohl noch eine menge geduld mitbringen müssen...

vorläufige zahlen:

revenue:        $72mio
gross profit : $19mio

gründe für das schlechte quartal:

- erneut schlechtes wetter
- weiterhin sinkende preise auf produkte
 ( gestiegene produktion von garnelen    
   und gesteigerte kapazität des
   schlachthofes konnten die sinkenden
   preise nicht kompensieren )
- aufgrund der schlechten fleischpreise
 sind weniger rinder in q1 verkauft
 wurden, in der hoffnung, dass sich im
 laufe des jahres die preise wieder
 erholen
- gleichzeitig wurde weniger dünger und
 viehfutter verkauft  

www.businesswire.com/news/home/...ary-Quarter-2016-Information

Revenue                  $71,9Mio  (Q1/16)      $115,4Mio.   (Q1/15)     -37,7%
Gross Profit              $18,8Mio  (Q1716)      $  35,5Mio.  (Q1/15)     -47,0%
Net Income              $ 9,2Mio   (Q1/16)      $  23,7Mio.  (Q1/15)     -61,1%  
EPS                        $ 0,39       (Q1/16)     $ 1,33         (Q1/15)    -70,7%

Shares outstanding (diluted)   23,62Mio (Q1/16)     17,82Mio   (Q1/15)   +32,5%
Stockholders’ equity            $492.0Mio (Q1/16)      $431Mio   (Q1/15)   +14,1%

www.sec.gov/Archives/edgar/data/1488419/...64/v438534_10q.htm

bjorn myrseth ( Bjørn Myrseth is a Norwegian biologist and businessperson, and since 1987 chief executive officer of Marine Farms. Myrseth was educated in fishery biology from theUniversity of Bergen, and was a co-founder of Stolt Sea Farms in 1972, where he was CEO until 1987. He then sold his stake in the company, and founded Marine Farms, where he continues as CEO. )
hat weiterhin interesse an einem platz im aufsichtsrat von sino agro food

laut erik ahl (investor relations) ist ein börsengang des aqua-geschäftes noch in 2016 möglich. derzeit liegt man im zeitplan und es gibt keine verzögerungen. ein update diesbezüglich soll es in kürze geben!

www.intrafish.no/nyheter/761458/...eressert-i-sino-agro-styret

--------------------------------------------------
Searching For New Investments: Sino Agro Food

Summary

SIAF is a complex conglomerate with multiple subsidiaries. It operates at the world's largest market. It produces the protein sources in a environmentally friendly way.

It does have its drawbacks which relate mostly to corporate structure and location:

conglomerate
complex company structure
US OTC listed
Chinese corporate governance which causes fears of fraudulent activities

Like I said earlier, I don't believe SIAF is a fraud. This is mainly because not all of SIAF's management team are Chinese.

Now that it has gotten to the trial stocking of the MegaFarm, I see value in the upcoming spin-offs. This is the point I am going to follow with SIAF. The most important thing to keep an eye on is: What do the insiders do? Based on that, it can be figured whether the spin-off is done in a way it can create value to shareholders. Another important point is how the shares will be distributed. What I mean is Solomon Lee's A class share affect the distribution in the spin-off's case. If he gets to keep his vote over other shareholders, it probably would expel the institutional investors.

Because of Solomon Lee's erratic behavior with different projects, and the money problems it leads to, SIAF has really had problems to stay on schedule with different projects. Also, 2016 has started weakly for the company and Q2 is likely to be weak another quarter. Therefore, I don't have any rush to buy the shares even though, to me, it seems that SIAF would be a profitable investment.

SIAF has promised more info about the spin-offs in the coming weeks, so I will want to hear at least that until I invest money.

seekingalpha.com/article/...ing-new-investments-sino-agro-food

Sino Agro Food, Inc. Updates Aquaculture Carve-Out Progress

finance.yahoo.com/news/...agro-food-inc-updates-061000177.html

The Company is pleased to announce completion of all Stage 1 Hong Kong and China legal and commercial documents related to the transfer of Aquaculture assets into its Hong Kong based Tri-Way Industries subsidiary, in preparation for its carve-out and subsequent IPO. The Aquaculture assets include Prawn Farms 1 through 4 of the Zhongshan Aquaculture MegaFarm, and the Zhongshan A Power Prawn Culture Farms Development Co., Ltd. (“ZSAPP”), which operate a hatchery and nursery for prawns and shrimp.

In the interim, the Company has made significant inroads toward securing debt financing for working capital for the Tri-Way project. Registration of the aforementioned legal and commercial documents is today pending debt financing closing.
--------------------------------------------------

An inside look at Sino Agro Foods’ giant prawn MegaFarm

advocate.gaalliance.org/...no-agro-foods-giant-prawn-megafarm/


--------------------------------------------------

Read the interview with SIAF's CEO Solomon Lee in the Community Spotlight section of this month's OTC Markets newsletter.

www.otcmarkets.com/content/doc/...tter/June2016Newsletter.html

q2 zahlen wieder besser:

revenue:         $124,2mio.(q2/15:$90,0)
gross profit:   $  29,9mio.(q2/15:$21,9)
net profit:       $  15,7mio.(q2/15:$  9,9)
eps diluted:   $   0,82       (q2/15:$0,51)

www.sec.gov/Archives/edgar/data/1488419/...74/v445736_10q.htm

--------------------------------------------------
Harvest method, live freshwater shrimp key to Sino
Chinese firm says it may match Vietnam’s total shrimp output, 300,000t, by 2025

www.undercurrentnews.com/2016/07/29/...utput-300000t-by-2025/

2. Incorporate internal controls; undertake an internal audit, and complete related other related financial matters including taxation issues in accordance with the rules and regulations of the Security Commission of China and the China Accounting Standards Board, targeting the end of October.

3. Complete company restructuring of SJAP into a share capital company with arrangements that will allow participation of foreign shareholders, targeting the end of November.

4. Complete related legal and prospectus work, etc., within the month of December for submission to NEEQ within Q1 of 2017.

www.businesswire.com/news/home/...Food-Reports-Q2-2016-Results

gibt es weitere verzögerungen? kursperformance ist ja grauenvoll....

Aquaculture:

The Company anticipates closing on the loan some time within later Q3 or early Q4 2016.

Beef and Cattle:

Incorporate internal controls; undertake an internal audit, and complete related other related financial matters, targeting the end of October.

........................................................

GOAL 2016:

Chief Scientific Officer, Anthony Ostrowski, Ph.D., was invited to participate as an expert panel member at the GOAL 2016 conference in Guangzhou last month.

gaalliance.org/goal/conference-program/

GOAL Conferences are presented by the Global Aquaculture Alliance (GAA). In an overall context of sustainability, Dr. Tony presented the Company vision and strategy. During the conference, it was noted that an earlier article about SIAF in Global Aquaculture Advocate magazine ranked among the five most read articles for the year. There was great interest in Sino Agro Food’s sustainable APRAS technology and methods, and in SIAF’s phased and partial harvest model.

........................................................

Sino Agro Food Inc. Retains KCSA Strategic Communications as Investor Relations Counsel

www.businesswire.com/news/home/...CSA-Strategic-Communications

"We are excited to begin working with KCSA Strategic Communications to enhance our shareholder communications program and generate greater investor awareness for Sino Agro Food as we enter an inflection point in the Company’s development," said Solomon Lee, Sino Agro Food’s Founder, Chairman and Chief Executive Officer.

Todd Fromer, Managing Partner of KCSA Strategic Communications, commented, “With its ongoing construction of the world’s largest recirculating aquaculture (farm) system (“RAS”), its shift toward offering higher-margin, premium quality food items, and with an established track record, Sino Agro Food is extremely well-positioned to address the ramp-up in demand for seafood and beef occurring in China.

Our 2016 Annual Meeting will be held on Tuesday, December 20, 2016 at 10:00 a.m. ET and will be our first completely virtual meeting of shareholders. You will be able to attend the 2016 Annual Meeting, vote, and submit your questions during the meeting via live webcast by visiting www.virtualshareholdermeeting.com/SIAF2016.

www.sec.gov/Archives/edgar/data/1488419/...v452041_def14a.htm

--------------------------------------------------

From Farm To Fork


SIAF's Chief Scientific Officer Dr. Anthony Ostrowski will speak about the future of food and the food industry at the SACC New York Summit on November 15th.


--------------------------------------------------

SEC Form PRE 14C:

old authorized shares of common stock:  22,727,723

new authorized shares of common stock: 27,000,000


The board of directors believes that the increase in our authorized Common Stock will provide us with greater flexibility with respect to our capital structure for purposes including additional equity financings and stock based acquisitions.

At present, the board of directors has no plans to issue the additional shares of Common Stock authorized by the Amendment. However, it is possible that some of these additional shares could be used in the future for various other purposes without further shareholder approval.


app.quotemedia.com/data/...Filed=2016-11-14&cik=0001488419

“To recap our high-level strategy, we are undertaking a series of initiatives to transition Sino Agro Food into an investment vehicle with positions in multiple independent, public companies operating within China’s agricultural industry. To this end, Sino Agro Food’s two largest and fast growing subsidiaries – the aquaculture and beef businesses – will be carved out from the parent company and listed on stock exchanges where we believe their shares will be able to trade at a market value commensurate with peers and substantially higher than their embedded values. As part of this carve out and IPO process, we are raising growth capital for these subsidiaries to accelerate their development, with Sino Agro Food expected to retain significant stakes in each of the companies after the spin offs have occurred."

“One key focus right now is our aquaculture business, which we believe has the potential to develop into an extremely profitable and sustainable business model of much larger size. Through its proprietary indoor recirculating aquaculture systems (“RAS”) technology, the aquaculture business produces disease-free, superior quality and higher-margin seafood to the China markets all year-round. With aquaculture the fastest growing food production system in the world, and currently accounting for nearly 45% of world seafood supply, we are confident that our superior production methods position the aquaculture subsidiary as a competitive and significant player in a rapidly growing market."

“By transferring all the assets from our wholly-owned subsidiary, Capital Awards, into a standalone entity, we expect to attract institutional investors who specialize in investing in high-growth business opportunities, spurring higher valuations for the “new” entities, as well as SIAF. We strongly believe this strategy is the most efficient way to enable the aquaculture business to grow rapidly, benefiting all shareholders."

“During the third quarter, we took necessary steps to commence work at the aqua-farms. This has curtailed production in the short term, but is expected to expand capacity, and therefore revenues, as early as Q4 2016. The Company was able to secure $8.2 million in working capital to facilitate these efforts while continuing to work closely with a major Asian bank toward securing a larger loan to accelerate the growth of the company. The larger loan is taking longer to complete since the prospective lender is agreeing to help underwrite the IPO as well. Thus, while the overall review and approval process for the “entire package” consumes more time, it also provides the Company’s shareholders a much greater return on investment than would other available alternatives, at this time. In the interim we will continue to develop the aquaculture farms organically via internally generated cash flow. With our plan to develop the world’s largest RAS farm, we are confident the aquaculture business can grow into a highly profitable company, driven by demand from the burgeoning middle classes in China."

"“SJAP, our cattle and beef subsidiary, is also undergoing several strategic changes to maximize its value. Specifically, we are restructuring the business with the goal of listing it on a stock exchange in early 2017. As with the aquaculture business, the carve-out will make it easier to more accurately value the company and is expected to attract more investors at a higher valuation."

“SJAP is transitioning toward production of higher quality beef which, as well as generating improved margins for the company, allows us to tap into an underserved niche. Currently, there is limited supply of premium quality beef in China and products on the market are typically imported from abroad. However, as Chinese consumers become wealthier and more discerning about food quality, the consumption of premium beef is expected to grow significantly. Sino Agro Food is one of the foremost players in this market and our leadership position in the industry provides an advantage going forward. During the quarter, we continued to transition toward premium cattle breeds. Coupled with higher prices for domestic beef, the transition led to a marked improvement in gross margins."

"In the short term our cash flow is constrained by ongoing investments in these business segments; yet, results from our strategy have already begun to materialize. As obscure as it may seem, the Company is reaching an inflection point in its growth trajectory and reiterates its appreciation to shareholders who remain confident in the Company’s mission going forward.”

Earnings Call Information

The Company will host an earnings call on Tuesday, December 6, 2016 at 10:00 AM EDT/4:00 PM CET to discuss quarterly financial results.

www.businesswire.com/news/home/...Food-Reports-Q3-2016-Results

ein grosser schritt in die richtige richtung!

Sino Agro Food Inc. Receives Loan Commitment to Develop Aquaculture Business

GUANGZHOU, China--(BUSINESS WIRE)--Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), an agriculture technology and natural food company that produces and sells protein food including seafood and cattle, on behalf of its wholly owned subsidiary Tri-way Industries Ltd. (Tri-way), confirms that its operating company, Jiangmen City A Power Fishery Development Co. Ltd. (JFD), has received an official letter of commitment from one of Southeast Asia’s preeminent international banking firms regarding its loan approval. The loan facility, which is subject to customary closing conditions, is an unsecured revolving 2-year term loan of CNY 250 Million (USD 36.3M) for purposes of financing JFD's aquaculture business unit's working capital. The interest rate will be in line with conventional rates currently afforded revolving loans in China, which are currently hovering around 4.5% to 6.5%.

www.businesswire.com/news/home/...ives-Loan-Commitment-Develop

insiderverkauf:

SANDBERG NILS-ERIK EDUARD verkauft 10000aktien zu $ 4.85

app.quotemedia.com/data/...Filed=2016-12-07&cik=0001488419

--------------------------------------------------

13G:  Nordnet Pensionsförsäkring AB
erhöht Aktienzahl von 2115278 auf 2316013

www.sec.gov/Archives/edgar/data/1488419/...p70930_sc13ga6.htm

Sino Agro Food Provides Updates on the Restructuring of its Aquaculture Business

finance.yahoo.com/news/...food-provides-updates-215900534.html

GUANGZHOU, China, Jan. 17, 2017 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME) (or the "Companriculture technology and natural food company that produces and sells protein food including seafood and cattle, on behalf of its wholly owned subsidiary Tri-way Industries Ltd. ("Tri-way"), today announced it has completed important legal due diligence and made meaningful progress toward the restructuring, carve-out and subsequent spin-off of the Company's aquaculture operations into an independent, publicly traded company.

Sino Agro Food Completes Carve Out of Aquaculture Assets

GUANGZHOU, China, Mar. 1, 2017 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME) ("SIAF" or the "Group"), a specialized investment company focused on protein food including seafood and cattle, today announced the carve-out of Tri-way Industries Ltd ("Tri-way"), its enterprise value assessed at US$340.6M, with Sino Agro Food, Inc. retaining and / or acquiring holdings of US$124.7M (of US$340.6M), which includes a provision for repayment of debt owed to SIAF. The carve out, which is immediately accretive to SIAF's earnings per share and EBITDA, confirms the Company's strategy to unlock the value of its current aquaculture business assets and plans for one of the world's largest land-based aquaculture projects.


http://finance.yahoo.com/news/...-food-completes-carve-212600685.html


--------------------------------------------------
SEC Form SC 13G/A:

City National Rochdale hält 1181934 Aktien.

https://www.sec.gov/Archives/edgar/data/1009289/...0046/a6993913g.htm

Nordnet Pensionsförsäkring AB hält 2296348 Aktien.

https://www.sec.gov/Archives/edgar/data/1488419/...0_sc13ga7-sino.htm

Forsakringsaktiebolaget Avanza Pension hält 2778385 Aktien.

https://www.sec.gov/Archives/edgar/data/1488419/...17-3697_1sc13g.htm

--------------------------------------------------

From Farm to Fork 2016:
Dr. Anthony C. Otrowski, Cheif Scientific Officer, Sino Agro Food, Inc
https://www.youtube.com/watch?v=RXkrVmbCjtk

Sino Agro Food Inc. Reports FY 2016 Annual Results

Completes Carve-out of Aquaculture Operations


Revenue:                                      342,9
Gross Profit:                                   83,9
Net Income attributable to SIAF:   115,0
EPS:                                                 5,0


www.prnewswire.com/news-releases/...ual-results-300425279.html

CEO Commentary

Sino Agro Food’s Chairman and CEO Solomon Lee summarized the year:

“During 2016 we positioned our operations to continue growing while we made significant progress on our strategic plan to restructure the business and maximize value for shareholders. Our primary objectives for 2017 are to see increasing returns from our aquaculture investment at larger scale; likewise, for other business segments as the right opportunities surface; to capitalize on new capacity developed in 2015 and 2016; and to move toward actualizing properly appreciated IPO valuations.

“To recap our vision for Sino Agro Food, we are executing on our strategy to become a ‘solutions destination’ investment company, with associate investments that supply premium protein foods to the relatively new and underserved middle class in China. In 2016, we laid much of the groundwork for growth of our aquaculture and Integrated Cattle Farm (SJAP) businesses, in support of our plans to spin off these entities into publicly traded companies . In 2017 we shall continue to evaluate and work diligently on other divisional businesses of the group by exploring opportunities aiming to create more benefits for our shareholders. We believe that completing these carve-outs for eventual spinoff and subsequent listing will allow them to trade at market values commensurate with their peers. To support these businesses, SIAF has rapidly grown its revenues from $22M in 2009 to $342.9M in 2016 by investing in production facilities and processes to maximize economies of scale, commencing production, and ramping production at our facilities. We have achieved a lot to date and, with stockholders’ equity of USD 604.8M, or USD 26.08 per share as of 12/31/2016, we believe the company is now in a strong position to achieve sustainable and rapid growth.

“In 2016 we took several steps to modernize our aquaculture facilities into integrated high-yielding stations in support of the carve-out/spin-off (“COSO”) strategy to create a concentrated stand-alone entity of sufficient scale and potential to attract IPO interest at valuations rewarding to the Company’s shareholders.

“These activities were followed by the completion of the carve-out of the aquaculture operations contributing to strong overall financial results in 2016 and setting the stage for further growth and value recognition in 2017. We recorded a deemed gain on sale of $56.9M, and hold a certified fair value of $124.7M in the new entity at the time of the carve-out. The new organization for the aquaculture business will support accelerated growth, as it is better suited for infusions of working and development capital at, what we expect to be, more favorable valuations. We have long believed that our assets are undervalued, and that our organizational structure limited our opportunities to convert existing and planned development to business advantage. Completing the carve-out was a significant milestone toward unleashing this value. We expect significant accretion to SIAF earnings per share via our equity interest in the carved-out company as compared to 2016.

“By taking on a new role in our involvement with the aquaculture operations, we are able to concentrate resources on our other businesses, and we expect certain positive trends in our other businesses to continue in 2017. It is important to point out that Capital Award remains a wholly owned subsidiary, focused on consulting, engineering, and construction of A-Power Recirculating Aquaculture Systems (”APRAS”). Capital Award is the turnkey solutions provider for the new operators of Aquafarms 1-5. Part of the carve-out agreement calls for CA to license its APRAS technology for ongoing and future development (currently $100,000 per A-Power Module (“APM”)). Therefore, post separation of assets, SIAF will record recurring income in three ways:

   The sale of goods, reported as a separate item derived from our  investment

   Continuing project development

   Turnkey engineering and technology fees, coupled with licensing fees for the APRAS technology


“Project development showed healthy gains in 2016, largely as a result of the portion of the aquaculture gain on sale attributable to master licenses for Capital Award technology. In a sense, this category will become recurring revenue/income in 2017 and beyond as more APM and open dam recirculating aquaculture systems (“ODRAS”) are built and developed in China over the years by Tri-way, generating license fees for CA for A-Power Modules. As a frame of reference, AF4 uses 144 APMs and plans for AF5 call for 864. Because of the new organization, and depending on the timing of investment, the pace of project development is expected to quicken during 2017.


“At SJAP, the transition of our herd of cattle to premium brands is expected to add to the sale of live cattle in 2017, while the business also grows its other product lines to meet growing demand for livestock feed and fertilizer.

“Revenue from the Import/Export business segment grew from $6.4M in the first quarter of 2016 to $23.1M in the fourth quarter. We expect the segment to benefit in 2017 from a full year of production approaching capacity.

“As a key part of the carve out and IPO processes, we are raising growth capital for proposed carve-out candidates to accelerate their development, with Sino Agro Food expected to retain a significant stake in each of the companies after the spinoffs have occurred. We look forward to providing updates on progress throughout 2017. We are excited to move forward with our plans toward redefining Sino Agro Food as a ‘solutions destination’ investment company in China, supporting a wide range of agriculture endeavors through the delivery of value-added technology. We are pleased with the progress made in 2016, which has positioned us to execute on the next milestones in our COSO strategies during 2017.”

Earnings Call Information

Date: April 7, 2017

Time: 10:00 AM, EDT/4:00 PM CET

Sino Agro Food's (SIAF) Solomon Lee on Q4 2016 Results - Earnings Call Transcript

seekingalpha.com/article/...nings-call-transcript?part=single


Sino Agro Food, Inc. 2016 Q4 - Results - Earnings Call Slides

Apr. 7, 2017 9:52 AM • SIAF

The following slide deck was published by Sino Agro Food, Inc. in conjunction with their 2016 Q4 earnings call.

seekingalpha.com/article/...6-q4-results-earnings-call-slides

--------------------------------------------------
Aquaculture§Carve-out
FAQ

sinoagrofood.investorroom.com/news-releases?item=202

--------------------------------------------------

SEC Form SC 13G:

Garrett R. D'Alessandro hält 1084656 Aktien.

www.sec.gov/Archives/edgar/data/1488419/...0/a70767_sc13g.htm

--------------------------------------------------

Ramp up at China shrimp ‘mega farm’ underway after Sino Agro spin-off

SIAF believes the aquaculture operations are now poised for growth by having “substantially” completed renovations and modernization at AF1, AF2, and AF3; AF4 commencing commercial production during the fourth quarter; and the newly independent company being better suited to procure working capital to accelerate growth.

www.undercurrentnews.com/2017/03/17/...er-sino-agro-spin-off/

--------------------------------------------------

Sustaining the aquaculture revolution

Some companies see sustainability concerns as a business opportunity. One way farms can avoid impacting the environment is to move indoors. In the Pearl River Delta region of Southeast China, Sino Agro Food is building what will be dozens of 8,000-m2 facilities to grow freshwater giant prawns.

Constructing the buildings and equipping them with recirculating water filtration systems requires a lot of up-front capital, says Anthony C. Ostrowski, chief scientific officer of Sino Agro. But the company benefits from higher-density, year-round prawn production.

Local consumers pay more for Sino Agro’s live prawns than for chilled or frozen ones, Ostrowski says. “And there is high demand for product that is certified sustainable, raised in a good environment, with no chemicals or antibiotics.” Over the next 20 years, he predicts, indoor farms will grow in importance. They require less land than ponds, and the fish don’t escape into the wild.

cen.acs.org/articles/95/i18/...ing-aquaculture-revolution.html

sino agro food hat die eps-schätzungen der analysten zum ersten quartal um $0,36 übertroffen:

q1-ergebnis:

Revenue:  $ 70,6M                                  
Gross Profit:  $ 14,4M  
Net Income attributable to SIAF: $ 8,69M
EPS: $0,36  


Earnings Call Information

The Company will host an earnings call on Friday, June 9, 2017 at 10:00 AM EDT/4:00 PM CET to discuss quarterly financial results.    

                   
sinoagrofood.investorroom.com/FY2017-Q1    

Tri-way Industries Earns Strong Credit Rating

GUANGZHOU, China, July 12, 2017 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), a specialized investment company focused on protein food including seafood and cattle, wishes to announce a key milestone toward the financing and spinoff of its former subsidiary, Tri-way Industries. Through its regional Hong Kong office, Dun and Bradstreet ("D&B"), assigned its strongest credit rating, 5A 1, to Tri-way, in which Sino Agro Food, Inc. holds a 36.6% ownership interest.

"We look forward to reporting additional anticipated milestone achievements in the upcoming weeks."

Of note, the D&B corporate profile for Tri-way reported its tangible net worth at 3,007,347,794 HKD, or 385M USD, about 45M USD higher than reported from the certified fair market value as of December 31, 2016, reflected in SIAF’s annual audit report (10-K).

www.benzinga.com/pressreleases/17/07/...-strong-credit-rating

Agricultural Bank of China Co. Ltd. Signs Bank-Enterprise Comprehensive Agreement with Jiangman Yili Fisheries

Revolving Credit Facility and Premier Banking Privileges Highlight Strategic Partnership


GUANGZHOU, China, July 17, 2017 /PRNewswire/ --

Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), a specialized investment company focused on protein food including seafood and cattle, wishes to announce a key agreement toward the financing and spinoff of its former subsidiary, Tri-way Industries, in which Sino Agro Food, Inc. holds a 36.6% ownership interest.

Agricultural Bank of China ("ABC") and Jiangman Yili Fisheries Co. Ltd. China ("JFD"), a fully owned subsidiary of Tri-way Industries Ltd. ("TW") have signed a Bank-Enterprise Comprehensive Strategic Cooperation Agreement ("BECSCA") this past week in Guangzhou. JFD is one of the select companies afforded this level of partnership with ABC in the Guangdong region.

ABC is providing a revolving credit facility to TW/JFD, which is eligible to be drawn incrementally up to its maximum line of RMB 100 million, with the maximum line intermittently increased as experience and corollaries between ABC and TW/JFD materialize. The monetary amount designated for each draw and its use will be determined in consultation between both parties. A rolling audit of TW/JFD by ABC is one of the conditions that must be met satisfactorily to permit continued use and increase of the revolving credit facility.

www.prnewswire.com/news-releases/...i-fisheries-300488999.html

Increase in authorized shares from 27,000,000 to 50,000,000 !!!

www.sec.gov/Archives/edgar/data/1488419/...v471236_pre14c.htm

outstanding shares: 25,684,898 !!!

--------------------------------------------------

July 2017 Status of “AF3”

A presentation used in China to support SIAF’s carve-out of its aquaculture business (into Tri-way Industries, Ltd.) is published here along with a status update about Aquafarm 3. Roughly half the slides are found in two columns on this page, and a second linked web page contains the rest. We have annotated the slides with current information about the operations and progress at Aquafarm 3.

www.sinoagrofood.net/content/AF3_2017

Sino Agro Food : Tri-way Industries Ltd. Raises Consumer Awareness

Media Extol APRAS Indoor Aquaculture; Highlight Product Quality

GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), a specialized investment company focused on protein food including seafood and cattle, announces recognition of its APRAS aquaculture technology and products of its former subsidiary, Tri-way Industries (“TW”), in which Sino Agro Food, Inc. holds a 36.6% ownership interest.

Now, Tri-way is proud to announce that its operations are gaining media recognition throughout the Guangdong province, a province whose Gross Domestic Product exceeds USD 1.2 trillion; the largest provincial GDP in mainland China.

sinoagrofood.investorroom.com/AF4-news_Jul-2017

We believe on-going press coverage will further several aims:

- Facilitate sell-through to consumers directly, through e-commerce, and from our wholesale customers,
- Consolidate and extend premium pricing, and
- Potentially broaden the footprint of Capital Award’s APRAS technology within China, and possibly into other Asian countries.”

Aquafarm 4 Update – July 2017

As referred to in the press release of July 25, 2017, Aquafarm 4 was prominently featured in two television broadcasts. These videos are presented here, along with photos of adjunct processes and businesses. Please check this page for on-going progress updates on Aquaculture Farms 4 and 5.

www.sinoagrofood.com/content/AF4_2017

--------------------------------------------------

Aquafarm 1:

www.sinoagrofood.net/content/JFD

--------------------------------------------------

Aquafarm 2:

www.sinoagrofood.net/content/EBAPCD

--------------------------------------------------

"As part of this convertible bond, Sino Agro Food has undertaken a commitment to cease the issuance of new shares.....Our ambition is that the equity will never again be used as currency...." (SIAF 2014)

- 11/2016: increase in authorized shares (von 22,727,723 auf 27,000,000)
- 07/2017: increase in authorized shares (von 27,000,000 auf 50,000,000)
- 11/2016: outstanding shares: 22mio
- 07/2016: outstanding shares: 25,6mio

Statement IR:

Raising the authorized share count does not mean raising the outstanding share count. In fact, under the heading "Effects,..." the following is stated:

"At present, the board of directors has no plans to issue the additional shares of Common Stock authorized by the Amendment.

I am told that the impetus for the change was to comply with regulations with respect to having shares available to cover any ECAB convertible loan contingencies. Rather than raise the share count regularly to account for this -- even though it might not necessitate share issuance in the future either -- the Company decided to do it all at once.

The following provision in the filing is also relevant:

"The board of directors believes that the increase in our authorized Common Stock will provide us with greater flexibility with respect to our capital structure for purposes including stock based acquisitions."

The provision you cited in the ECAB loan, as I recall, referred to the practice of issuing equity to pay debts, mostly supplier debt; it did not handcuff the Company for all other future endeavors, such as using shares for collateral, nor for limited employee compensation, etc.

Tri-way Industries Updates Plans

WED, AUG 09, 2017 22:05 CET

Upgraded Fish Species Developed at Aquafarm 2

GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), a specialized investment company focused on protein food including seafood and cattle, is pleased to announce that its former subsidiary, Tri-way Industries (“TW”), in which Sino Agro Food, Inc. holds a 36.6% ownership interest, has updated plans for its Aquaculture Farm 1 (“AF1”) and Aquaculture Farm 2 (“AF2”).

In addition to production, AF2 houses Tri-way’s research and development facility, where new species are tested for commercial viability. One of the advantages of the indoor A Power Recirculating Aquaculture System (“APRAS”) is the flexibility to harvest different seafood species, enabling Tri-way to adapt to changes in pricing and supply conditions. Two new fish species are currently being grown successfully  at Aquaculture Farm 2.

sinoagrofood.investorroom.com/AF1-2_news

--------------------------------------------------

Progress at Aquafarm 4

Research and Development and Product Certification

Three objectives have been targeted:

Research ways to improve giant prawn (Macrobrachium rosenbergii) culture in AF4 APRAS tanks.

Initiate a disease surveillance and prevention program for the entire farm.

Initiate a pilot traceability program as a model for Tri-way group farms.

To achieve these objectives, plans at AF4 are now being made to improve the quality of source water, construct a temporary microbiology and pathology lab, and hiring of specialized staff.  All is targeted to be in place by the end of the summer. Plans are also being made to build the boiler system needed to run APRAS tanks during the winter. This represents an important step towards advancing the science and agenda of sustainable aquaculture production for SIAF/Tri-way.



sinoagrofood.com/content/traceability-progress

revenue:         $47,7mio
gross profit:  $6.5 (13,6%)
net income:   0,03/share

sinoagrofood.investorroom.com/Q2-2017

October 05, 2017 15:18 ET

Sino Agro Food, Inc. schedules 2017 Annual General Meeting: Agenda Items Include Dividend and Share Buyback

1) Adoption of a share buyback program,
2) Adoption of a dividend policy,
3) Formulation of outstanding share count guidelines,
4) Election of Directors,
5) Extending ECOVIS as SIAF's Certified Auditor for 2018.

Sino Agro's Chairman and CEO elaborated, "We are confident that the timing is right to formulate the first two agenda items at the AGM, and to implement thereafter, as a complement to our carve-out and spinoff ("COSO") strategies to unlock shareholder value. As always, the Company balances various considerations to determine the best use of its funds, including, of course, projected discretionary cash. Having invested a great deal of time and money to progress the Tri-way COSO strategy sufficiently now to gain real confidence in its further finance ability, the Company believes a best use of funds likely to be a meaningful share buyback plan. Such a plan or initiation of a corporate dividend would be implemented as soon as practical, well before ongoing COSO initiatives realize an IPO."

m.marketwired.com/press-release/...nclude-dividend-2236282.htm


..... dividende u/o aktienrückkaufprogramm?! ....wacht SIAF auf oder erneut heiße luft?

.... der kurs kennt jedenfalls bisher nur eine richtung, genau wie die anzahl der ausstehenden aktien... ein gegensteuern ist längst überfällig!

q3 bericht verspätet ( der umsatz lag in q3 bei  $48mio. )!

grund für den erneut enttäuschenden umsatz:

The overall poor performance primarily had been due to the impact of large volumes of imported beef unsettling the local beef industry, which led to poor performance in the following segments: concentrated live-stock feed and deboning of imported beef, and, also contributing, limited service revenue derived from consulting and services this quarter resulting from Tri-way’s commitment to forego capital expenditures until sufficient debt and/or equity financing becomes available to carryout farm development.


www.sec.gov/Archives/edgar/data/1488419/...tv479024_nt10q.htm



--------------------------------------------------

SIAF Announces Partnerships to Advance Aquaculture Scientific Techniques


- Memorandum of Understanding (MOU) with CibusDx

- SIAF Joins Public, Private, and Academic Collaboration


sinoagrofood.investorroom.com/aqua-partnerships

revenue:        48,4mio
gross profit:    6,5mio
eps:                0,15

sinoagrofood.investorroom.com/Q3-2017-results

Two years late, no shrimp harvested yet at Sino Agro’s megafarm

www.undercurrentnews.com/2017/11/17/...t-sino-agros-megafarm/

Sino Agro: We can fix problems farming freshwater shrimp at megafarm

www.undercurrentnews.com/2017/11/17/...er-shrimp-at-megafarm/

conference call sessions with investors. The primary issue is and always has been the lack of
funds to complete the facility. Our decision to not proceed with commercial prawn production
at AF4 was to ensure the technology would be successfully implemented, as planned.
The production technology for prawns and projections for the future are based on replicated
data we obtained and extrapolated for AF4 during our proof-of-concept phase at AF1 and AF2 between 2011 – 2015. The production volumes achieved at these farms for prawns is a matter of public record in our SEC filings. Among the many water quality advantages of RAS, another key reason for the ability to obtain higher production harvests than in ponds for this species is the use of stacked refuges in tanks, which has also allowed us
to raise prawns to at least 2 meters in depth. We believe additional research at AF4 will help us extend the boundaries of what has been achieved already at Enping as explained below. This additional research was misrepresented in the article as resolution to problems, instead of opportunities to improve.

During the ongoing interim funding period, we wanted to test different fish species in our
modules to provide preliminary information on their suitability for the marketplace (see
species-specific economic justifications presented below). The modules were not being used as
designed for production, but as a holding facility and nursery prior to final stocking of these
animals in grow-out ponds, and for some species to test high-density culture and produce
higher-grade sashimi products. This was done with the added goal to provide some cash flow
from AF4, until loan approval for the build-out funds is achieved. There is great potential for
the species we have chosen to pursue recently, further explained in the details below.
It is important that our investors and partners appreciate the market-driven approach we
take to meet our production targets, and also the robust and growing market that exists in
China. We are not wedded to or focused on one species in our production mix, and will adjust
species composition to meet profitability targets, as we have often demonstrated. The Company employs different strategies, such as depuration (e.g., purging of off-flavors) or slotted grow-outs (e.g., raising fish of different sizes to only a slightly larger size) to gain profit and have high throughput. Our RAS system is sufficiently robust to accommodate a wide range of species and strategies, and with the addition of saltwater at Zhongshan, a potential mix now of both marine and freshwater species. This includes lower-salinity RAS culture of the Pacific white shrimp (L. vannamei), which we had not considered previously in our freshwater systems. We are already converting ODRAS ponds to white shrimp production at our other sites, with water amendments needed for lower salinity culture. Careful consideration of markets, species mix, biology, and biosecurity requirements will lead us to always seek optimum profitability. Upon loan approval, we plan to complete Phase 1 at AF4 with all needed components and build ODRAS ponds and next generation GODRAS ponds for production of Pacific white shrimp (L. vannamei) and other species. This is a conservative approach, less expensive than APM buildings, which will increase cash flow and allow profits to be generated to continue build-out of the entire facility, Phases 2 – 3, as originally planned.
Nevertheless, and despite a constriction of funds, we do currently plan to retrofit 18 tanks (3 x
6 tank Stage 1-Stage 3 grow-out) in Building 1 so our research team at Zhongshan can further
advance the current state of our technology for prawns under non-ideal, but replicable conditions.
This research includes, but is not limited to: balancing microbial communities; testing
alternative approaches of all male or all female populations; alternative culling approaches and water movement designs to reduce electrical costs; and mid-range salinity trials with Pacific white shrimp. We also plan to convert tanks to raising Pearl Grouper as explained below.
A longer-term goal is potential for development of a pedigreed selective breeding program
for targeted, signature species to produce lines specifically suited for higher density culture
in our RAS system design and approach. Selective breeding is a common, signature approach
used in animal agriculture to improve production; an approach we deem additionally beneficial
because of the lack of such pedigreed programs in China, especially for prawns or marine
shrimp. We will continue to strive to improve our technology and stay on the leading edge of
development to maintain our competitive advantage. The immense potential of prawn and
white shrimp markets in China warrants our concerted attention.
We fully support responsible, honest, knowledgeable, and objective journalism. Our results
speak for themselves; we will invite other third parties to critique our operations at Phase 1
once commercial production is in full swing. We regret any unwarranted confusion or concern
this article may have generated among our investors, partners, friends, and colleagues.

Potential for Different Species

We believe that many fresh and saltwater species can be grown commercially in our APRAS
(or APM farms) and be profitable. This is mainly because of the suitable demand environment
prevalent and growing rapidly in the Chinese market. To be commercially successful, the
following fundaments must be observed, structured, organized and managed effectively and
efficiently:
Knowledge of the Chinese markets: This includes k • nowledge of sales impact of each juvenile stage, including fingerlings (young fish) and postlarvae (young shrimp & prawns),
sales of animals under market size, sales of market sized animals, and others, and their
respective live, fresh chilled and frozen sales’ markets. Sales of individual species need to
be mapped and managed, accordingly,
• Know-how and expertise on each individual species: This covers each developmental stage
from hatchery (broodstock and larvae), nursery (youngest juveniles), and growing out
juveniles to marketable size in both in open dams (ponds) and APRAS tanks.
• Vertical integration of farms: Inclusive of open dams and APRAS farms, to implement
grow-out programs: Our integrated organization collectively aims to reduce risks through
implementation of a robust organization-wide biosecurity program, coordination of times
to transfer and grow-out animals, and calculation of profit generation at each stage of
grow-out (from juvenile, early and middle stages of grow-out to final stages of grow-out).
For instance:
(i). Our APM farms handle and manage the production of juveniles to be supplied to
our subcontracted farms as well as to external farmers to obtain economic benefits and
efficiency.
(ii). Our subcontracted farmers or part of our open dam (or ODRAS) farms will grow
and produce fish up to 200g / fish from fingerling (Stage 1 grow-out) and up to 350 g /fish from 200 g fish (Stage 2 grow-out) with each stage to obtain economic benefits and
efficiency, independently.
(iii). Finally, our APM farms will produce the fish to final market sizes, also striving to
obtain economic benefits and efficiency.
In this respect, during 2017 (Q1 to Q3) we managed to organize enough Stage 1 and
Stage 2 growers (or sub-contracted farmers including growers in our open dam farms) to
support FF1 (AF1) and PF1 (AF2) in the final stage’s grow-out of Pearl Grouper and Jade
Perch. We are still organizing Stage (1 & 2) growers in AF4 & AF5’s open dam property
(of 800 Mu). If all moves effectively we aim to organize enough production to support 12
APM units in AF4 to start the final staged grow-out of Mandarin Fish starting from Q2
2018.
Ongoing services: Provide each segment of operation w • ith support, techniques, services,
supervision of technology, veterinary, R&D, information and associated necessities.

The Economics of Selected Fish Species

We selected three species of freshwater fish as key targets to be grown commercially in 2017
and 2018 at the existing farms described below. There are strong economic reasons to choose
these species as explained in the following:
1. Mandarin Fish or Chinese Perch (Siniperca chuatsi)
A very popular high demand fish, consumed in nearly all provinces of China, with daily
domestic consumption of over 500 MT per day (~ 200,000 MT per year) in live form and
excluding value added forms. This fish has a stable wholesale price in 2017, averaging RMB 50/ Kg (or US$7.70 / Kg) ex-farm. We are doing a little better than that at an average of RMB56 /kg because our fish are being sold to retailers as well as wholesalers and distributors.
At the same time, our qualities are marketed as superior being free of antibiotics, undesired
chemicals, and grown in a pollution-free environment. These are key marketing characteristics because:
• In China, most Mandarin Fish are grown in untreated (often highly polluted) waters in
open-dam farms and fed with live bait fish that are themselves full of antibiotics. The baitfish
also contain potential human disease vectors because most are fed, or waters fertilized,
using pig and chicken wastes collected from nearby farms.
• During 2017, AF4 successfully introduced and fed the Mandarin Fish in our APM tanks
with specially designed feed pellets that fish readily accepted. We also supplied (and sold)
Mandarin Fish fingerlings (from 3 cm to 6 cm) to our subcontracted growers as well as
other external growers/clients with good results. As a result, we are confident that our
operations will successfully culture Mandarin Fish.
In 2017, we were able to successfully achieve stocking densities up to 60 kg / m3 of water of
larger sized fish in our APM tanks. We feel confident we can grow and produce 12,000 pieces of fish (to 0.5 kg each) or 6 MT per tank from Stage 2 animals stocked at an average of 0.35 kg/ fish per cycle. Each cycle is an average of 30-days.
The key point is that our APM units’ productivities are variable subject to: (i) the initial species and developmental stage being stocked; (ii) the optimum growth rate of the animals and biological limits; (iii) how well the supporting supply chains from Stage 1 & Stage 2 growers are organized to maintain continuous supply.
In an operational coordination scenario with Mandarin Fish, if we are to stock the 14 APM
units (or 28 tanks) at AF2 with 350 g animals, then the farm’s annual production can be over
2,000 MT. This is double the farm’s originally designed capacity of about 1000 MT per year.
The production cost of growing Mandarin Fish to 500 g in APM tanks is an average RMB 24
/ kg. Profits generated at this stage are reduced to 24% of sales price (56 RMB) to account for
the cost of seedstock purchased from Stage 1 and Stage 2 growers. However, since the APM
farm produces the fingerlings sold to growers (at RMB 4 / 3 cm fingerling to RMB 6 / 6 cm
fingerling), with a gross profit margin of 50%, the overall profit margin for the APM farm of
growing Mandarin Fish is 30%.
This means that for the AF2 example of 28 APM tanks, annual sales for growout of Mandarin
Fish could be RMB112 million (or US$16.7 m), with a gross profit of about US$ 5 million.

2. Jade Perch (Scortum barcoo)

Currently, a large demand for Jade Perch does not exist in China (estimated at about 10,000
MT / year). Nevertheless, we are confident of developing our Jade Perch gradually into a desirable and viable commercial species for the following reasons:
It is a fish exceptionally suited and easy t • o grow in our APM farms, with fast growth rates
and higher stocking densities than have been obtained for the Mandarin Fish. We have
been successfully stocking up to 75 Kg / m3 at our AF1 and AF2 during the past months.
That effectively translates into an annual production of 90 MT per tank (collectively from
12 monthly cycles) with the initial stocking of 350 g fish. As an example, again using AF2
with 28 tanks, annual production could reach 2,500 MT which is 2.5 times greater than
our originally planned annual production capacity.
• Jade Perch, compared to some other freshwater fish species, contains very high levels of
omega-3 fatty acids, the highly unsaturated derivates of which (called HUFAs), EPA and
DHA, are known to be beneficial for human health and nutrition. While the fatty acid
composition of fish flesh is primarily dependent upon the fatty acid composition of their
diet, there is some evidence to suggest that Jade Perch can concentrate or retain high levels
of HUFAs in their flesh fed high HUFA and omega-3 fatty acid diets, and may require
higher basal levels of HUFA or omega-3 fatty acids in their tissues compared to other
freshwater species. Many freshwater fish, like salmon and Murray cod, have ability to
convert dietary omega-3 fatty acids into DHA and EPA in their bodies to varying degrees,
although this is not yet demonstrated for Jade Perch. In contrast, marine fish do not have
this ability, and must obtain all their required HUFA’s from their diet. Favorable marketing of high HUFA content in Jade Perch can be accomplished by feeding finishing diets high
in omega-3 fatty acids and HUFAs.
Purchased fish grown in our clean-water APM farms a • re cleared (or depurated) from any
prior antibiotic and undesirable chemical treatment, and off-flavors (earthy or muddy
taste). This enhances superior quality as compared to Jade Perch grown elsewhere in
China and provides key benefits for the marketing of our Jade Perch.
• Strong financial performance, (again using AF2 as an example):
The overall cost to grow Jade Perch to an average 500 g is RMB18 / Kg (inclusive cost of
purchased juvenile, feed, mortality and supplementary feed, etc.). The average of wholesale
price at the Guangzhou wholesale markets in 2017 was RMB39 / Kg ex-farm (or US$6/ Kg). We achieved an average sale price of RMB43 / Kg (or US$6.6) from our APM farms
(average of that sold to wholesalers, distributors, and retailers). Gross profit from our
APM farms after allocating profits to Stage 1 and Stage 2 Growers is about RMB 17 / Kg,
including gross profit derived from fingerling sales. This represents an overall gross profit
margin of 39.5% (~43-(18+17)/18). Annual sales of the exampled AF1 = RMB107.5 m (or
US$16.53 m), with a gross profit of US$6.53 m.

3. Pearl Grouper (Epinephelus lanceolatus x Epinephelus fuscogluttatus)

Pearl Grouper (PG) is a well-developed species of fish in China’s Hainan Province that also
enjoys good demand in the Southern part of China (estimated current annual sales of 30,000
MT in the Guangdong wholesale markets), at attractive yearly wholesale average prices of
RMB 76 / Kg in 2017. PG is a hybrid cross between two different species, hence the bifurcated scientific designation.
Throughout 2017, we managed to develop growers in Hainan to support the production of
PG at our APM farms with Stage 1 and Stage 2 stocks. We have already stocked PG in 4 APM units (or 8 APM tanks) in AF1 and plan to do additional stocking in another 14 APM units (or 28 tanks) at AF4 within Q1 2018. Several advantages are clear with PG:
• It has a very fast growth rate. We can reach 600 g fish (from 350 g fish) within one month
at our APM farms.
• Our team has good experience in growing PG. We have already achieved a stocking density
of 60 kg / m3 at AF1, or 6 MT / tank per monthly cycle, or the equivalent of 72 MT /
tank / year
• Cost of grow-out is averages RMB 30 / kg. This results in a gross profit of RMB 46 / kg,
again distributed between Stage 1 & 2 growers and our APM farms. This results in a net
32% gross margin for our APM farms.
• To illustrate for AF2 (based on 28 APM tanks):
Annual Production = 2,000 MT
Annual sales revenue = RMB152 million (or US$23.38 m)
Gross Profit = RMB7.48 m
•During 2017 we also discovered that there i • s good market demand for smaller-sized PG
(between 300g / 350 g fish) at the Freshly Chilled wholesale markets of Guangzhou City
that we intend to explore during Q1 2018.

Description and Current Status of Tri-Way Industries, Ltd. Farms

Aquafarm 1, located in Enping City, is the first A-Power Module (“APM”) farm established
and developed by Capital Award, Inc.(“CA”), applying our A-Power Recirculating Aquaculture System (“APRAS”) technology in 2010. Commercial operations began in 2011. AF1 has 16 APM units in operation with each APM having two production tanks (with each tank containing 100m3 working water volume) and a central filtration baffle system which is 12m x 1m x 2.2m = 18m3 working volume.
AF1 was the only farm belonging to Tri-way Industries, Ltd. prior to the addition of all of the
other farms, listed below.
AF1 was remodeled and renovated during 2016, which caused down time that reduced production in 2016. Production levels returned to normal by Q3 2017.

Aquafarm 2 is another APM farm also located in Enping City, approximately 3 km from AF1.
AF2 started commercial operations in 2014. AF2 has 14 APM units, each with two production
tanks (measuring at 6m x 12m X 2.2m depth = 100m3 working volume) and a central filtration tank of 18m3. AF2 has two main functions, with several sub-activities:
1. Research & Development work on the RAS technology, as well as production and grow-out
2. Production of multiple species of fish and prawns. Production was interrupted and reduced during 2016 while it was being refitted to incorporate
R&D activities. Production is back online since Q2 2017.

Aquafarm 3a is located in Sanjiao Town, Zhongshan City. The major activities at AF3a are
hatchery production of prawns and shrimp, along with minor production and growing of fish
and prawns/shrimp in open dams (referred to as Open Dam “ODRAS”). Open dams occupy
just over 153 Mu on AF3a’s main property. An additional 250 Mu of ponds are situated on
contracted/ leased land adjacent to the main property.
Construction and development of AF3a started in 2012; completion by 2018 is contingent on
sufficient development funds. Alternatively, organic growth could occur through generated
profit and be completed by 2019. Hatchery and pond production has been ongoing since 2013
at existing facilities.
Of the 153 mu on the main property, 30 mu is occupied by the hatchery for prawn and shrimp
postlarvae production, 20 mu is under 3rd Generation ODRAS production that was retrofitted
in late 2016 with operation starting during Q3 2017, 30 mu is being reserved for the development of additional hatchery and nursery capacity for prawns and shrimp, and the remaining 73 Mu is currently operating using 2nd generation ODRAS technology.

Aquafarm 3b, also located at Shenwan, Zhongshan City, is operated by Aquafarm 3a. AF3b
comprises over 579 Mu of traditional open dams in operation since 2014. We plan to develop
a farmers’ production cooperative, employing an additional 2000 Mu by year end 2019. A
small cooperative, recently established, targets 250 mu of traditional dams being employed by
the end of Q3 2017.
In addition, 170 Mu of the noted 579 mu were converted into 2nd generation ODRAS in
2016, with operations beginning in Q4 2016.

Aquafarm 4 and Aquafarm 5 are both located at Cuiheng, Zhongshan City on 3,750 Mu
of land. AF4 occupies 80 mu and the majority of the construction of two out of three APM
buildings was completed by Q3 2016. The third APM farm (out of a three building production
unit) targets completion in 2018, subject to capital funding. Alternatively, it can be completed
organically by 2019, depending upon results of production.
The two semi-completed APM buildings each are 9,000 m2 in total footprint (7,590 m2 interior).
Trial operations began in Q4 2016, and semi-commercial operations in Q1 2017. The
target was to reach annual production of 6,000MT by Q1 2018. Completion of the third building will bring total PF3 production to 10,000 MT by Q2 2019. Originally, it was planned to mainly produce giant freshwater prawns in AF4; however, we have delayed and revised those plans due to reasons previously noted (i.e., lack of funding to build water treatment facilities for incoming source water and outgoing waste water, the water-heating facility, the R&D and product quality control laboratories, lack of trained technical staff, the unfamiliarity of the project, and the inexperience of the existing management team on the operation of a RAS farm of this magnitude).
Nevertheless, as mentioned, we are able to use the facilities in a non-traditional way to test
the feasibility of various species in APM tanks (i.e., Mandarin Fish, Jade Perch, Silver Cod,
California Cod, and other species). This also allows cash flow generation until AF4 is properly completed to begin full commercial production of giant freshwater prawns.
Further, we plan to utilize the expertise of one of our AF4 farm managers to conduct hatchery
production of fish fingerlings. Certain species of fish are in demand and can be produced
and sold with good profitability. We market tested selling fingerling Mandarin Fish, Jade
Perch and Silver Cod beginning in Q2 2017. As a result, a nursery is also planned to be built
adjacent to one of the existing AF4 buildings during early 2018. First production and sales of
fingerlings is targeted to begin in Q2 or Q3 2018, depending on available cash flow.
Major construction and development work has not started on Aquafarm 5, although some of
the basic infrastructure work has been underway since Q1 2017. AF5 will occupy a total area
of about 400 Mu, consisting of 18 APM buildings (six times the size of AF4 at completion)
targeting annual production of 60,000 MT.
No further work is planned on AF5 until development funds are available.

Aquafarm 4a, comprising 400 Mu of traditional open dams was built during late 2016, and
came into operation beginning Q1 2017. AF4a’s production is included in total production
numbers of Aquafarm 4.

Aquafarm 5a, another 400 Mu of traditional open dams, was built during Q1 2017 and came
into operation beginning Q2 2017. AF5a’s production is included in the total production
numbers of Aquafarm 5. The reasons for building traditional open dams at AF4a and AF5a include:
(i). Traditional dams are much less expensive to build and can be built within a short period
of time.
(ii). Plenty of land was available and not being utilized at the Zhongshan site, making sense to
employ while waiting for funds to develop the APM buildings.
(iii). Traditional dams would increase sales revenues of PF3 & PF4 in the interim period.

Aquafarm 4b will be built on 150 mu with 3rd generation ODRAS beginning Q3 2017, with
targeted production to start Q2 2018.
Third-generation ODRAS technology (dubbed GODRAS) is based on the basic RAS theory
of our indoor APM systems, with a few construction-related differences. GODRAS technology
employs outdoor open-dams serviced by centrally located filtration dams. All dams
are connected, and water recirculated and recycled, with the filtration dams removing both
soluble and insoluble wastes. GODRAS cost less to build than APM buildings but are similarly
enclosed using a greenhouse that will have shading in the summer to keep dams cooler and
plastic covers in winter to retain incident heat. GODRAS will particularly help in the outdoor
production of Pacific white shrimp (L. vannamei) because of the use of recycled pond water
with stable microbial communities, and organically enhanced biosecurity. Similar systems are
being successfully employed by competitors for this species.

Additional Comments and Outlook for 2018

During fiscal year 2017 (from Q4 2016 to Q3 2017) there were many interruptions to farm
operations (i.e. retrofitting of AF1, reorganizing AF2 to incorporate R&D activities, the retrofitting and rebuilding of 20 mu traditional open dams into 3rd GODRAS, and converting
some 200 mu of AF1’s Shenwan old dams into 2nd generation ODRAS). Despite these interruptions, and together with the start-up issues at AF4, our overall fishery operation is, in fact, doing well. We were able to produce and sell just under 9,000 MT, which is below our original
forecast of 12,000 MT. As our operational and financial situation improves, the outlook for
2018 will improve.


Quelle: Facebook Sino Agro Food

SC 13G/A1: Garrett R. D’Alessandro erhöht Aktienzahl auf 5,141,831Aktien!!

www.sec.gov/Archives/edgar/data/1488419/...4/schedule13ga.htm

....obwohl dies ein Ausdruck großer Zuversicht ist, bleiben die großen Fragen weiterhin ungelöst:

Wann werden die längst überfälligen Tri-way-Anteile an SIAF Aktionäre ausgezahlt?

Erhält Tri-way endlich die benötigte
Finanzierung, um den ins Stocken gekommenen Bau der Mega-Farm zu beschleunigen?

Kommt es endlich zu einem AGM, welches bereits für Dezember angekündigt wurde, und wird eine mögliche Dividendenpolitik oder ein Akienrückkaufprogramm beschlossen?

Warum gibt es keine Insiderkäufe des Managements?  

Warum profitiert der CEO von einem sinkenden Aktienkurs bezüglich seiner Bezahlung in Form von Aktien? ( je niedriger der Kurs, umso größer die Zahl der ausgezahlten Aktien )

SIAF hat nachdem ACAB-Deal folgendes versprochen:
"As part of this convertible bond, Sino Agro Food has undertaken a commitment to cease the issuance of new shares.....Our ambition is that the equity will never again be used as currency...."  
Warum hält sich SIAF nicht mehr an die Abmachung? Die Zahl der ausstehenden Aktien liegt derzeit bei 30Mio.!!!
Ist ein Ende der Verwässerung in Sicht oder ist dies nur der Anfang einer erneuten Verwässerungswelle,  wie vor dem ECAB Deal? Wie wird sich ECAB nach dem möglichen Vertragsbruch verhalten?

Schafft es SIAF in 2018 das stark geschrumpfte Vertrauen wieder etwas aufzubauen? Noch ist nicht ganz klar, ob es sich hier um einen weiteren China-Betrug handelt oder ob man ernsthaft daran interessiert ist eine große Idee in die Wirklichkeit umzusetzen! Garrett R. D’Alessandro glaubt scheinbar an Letzteres.... man wird sehen, ob er recht behält!

Outstanding Shares:  31,209,153 (Feb 06, 2018)

--------------------------------------------------

New Boiler Installation at Aquafarm 4

A new boiler system is currently being installed for the indoor buildings at Aquafarm 4 (aka the Megafarm) in Zhongshan. This will allow indoor tanks to maintain optimum growing temperatures (26 – 28o C) during the winter months. During winter, ambient water temperatures can reach as low as 17 – 19o C.

The boiler will be completed by the beginning of the upcoming growing season, allowing perhaps an early start to stocking of the indoor tanks. It will be fully operational for the 2019 winter months, allowing year-round production starting in March or April of 2018.SEC Form SC 13G filed on Jan 29, 2018.

www.sinoagrofood.com/content/new-boiler_AF4

--------------------------------------------------

Name of Reporting Person
Forsakringsaktiebolaget Avanza Pension


Amount beneficially owned:  

3,456,006


www.sec.gov/Archives/edgar/data/1488419/...18-3816_1sc13g.htm

Outstanding Shares:   31,669,239 (Feb 26, 2018)

--------------------------------------------------

Continued Progress into the Year of the Earth Dog for Sino Agro Food, Inc.

globenewswire.com/news-release/2018/02/27/...ro-Food-Inc.html

--------------------------------------------------

Name of Reporting Person
Nordnet Pensionsförsäkring AB

Amount beneficially owned:  
2,718,846

www.sec.gov/Archives/edgar/data/1488419/...20_sc13ga-sino.htm

.... und kein Ende in Sicht!

Outstanding Shares:  31,794,239 (03/08/2018)

SIAF hat nachdem ECAB-Deal:
"As part of this convertible bond, Sino Agro Food has undertaken a commitment to cease the issuance of new shares.....Our ambition is that the equity will never again be used as currency...."   (2014)

OS Dez. 2014: 16,554,566
OS März 2018: 31,794,239

ECAB sind richtige ausgeklügelte Dealmaker!

Outstanding Shares:  31,923,747 (03/14/2018)

"As part of this convertible bond, Sino Agro Food has undertaken a commitment to cease the issuance of new shares.....Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  32,251,429 (03/15/18)


"As part of this convertible bond, Sino Agro Food has undertaken a commitment to cease the issuance of new shares.....Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  32,409,443  (03/20/18)

Outstanding Shares:  32,672,485  (03/26/18)  

Outstanding Shares: 32,884,250 (03/27/18)  

Outstanding Shares: 33,184,250 (03/28/18)  

Information to the market regarding issuance of collateral shares and top-up shares


Guangzhou, Peoples Republic of China, 6 April 2018

Sino Agro Food Inc. ("SIAF" or the "Company") has received certain market feedback in relation to the Company's practices relating to issuance of collateral shares as security in connection with the Group's finance arrangements. The Company wishes to accommodate the markets 'request for further details about the arrangement and has therefore prepared this press release.

www.newsweb.no/newsweb/search.do?messageId=448264

Outstanding Shares:   34,384,250 (04/12/18)  

Sino Agro Food Inc. Reports FY 2017 Annual Results


Revenue: $198,1 Mio.
Gross Profit:  $19,6 Mio.  
Net Loss attributable to SIAF: $13,1 Mio.
EPS:  (-0,53)


Earnings Call Information

The Company will announce the date and time of it earnings conference call in the near future, closer to the anticipated date in the first part of May.

www.prnewswire.com/news-releases/...17-results-300631774.html

Outstanding Shares: 34,651,250 (04/19/18)

Outstanding Shares: 34,951,250 (04/24/18)  

Outstanding Shares:  35,117,750
(05/02/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  37,137,952 (05/03/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 37,437,952
(05/04/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 37,605,952  (05/14/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 37,707,952  (05/16/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)  

Sino Agro Food, Inc. Reports Q1 2018 Results and Board Approves Dividend


Dividend of USD .05 for 2018; USD.10 for 2019

Revenue of USD 33.7M; EPS of USD .17

Restructured Businesses Show Positive Results

Revenue: 33,73Mio

Gross Profit: 6,08Mio

EPS: 0,17


Other Key Points:

SIAF's income from its full 36.6% equity investment in Tri-way ("TW") increased from USD 3.66M in Q4 2017 to USD 3.78M in Q1 2018.
Revenue from project development at SIAF's wholly owned Capital Award ("CA") subsidiary increased from USD .8M in Q4 2017 to USD 2.5M in Q1 2018.
These results from TW and from CA reflect Tri-way's  "Plan B" strategy, which limits TW's capital expenditures and CA's revenue from project development attributable to TW to a percentage of TW's net income. TW is still profitable and growing. "Plan A" would greatly accelerate growth upon successful closing of its anticipated debt financing.

www.prnewswire.com/news-releases/...s-dividend-300652232.html

Anmerkung:

"Hence, a consequential cash shortfall had ensued requiring an issuance of shares to cover some of the ordinary operational expenses that typically would have been covered through ordinary cash-flow levels in the past."

.... wird SIAF, unter diesen Umständen, wirklich in der Lage sein eine Dividende auszuzahlen?!

Outstanding Shares: 37,934,311 (05/23/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 38,044,311 (05/24/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 38,512,118 (05/25/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 38,627,118 (05/31/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 38,795,118 (06/04/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 39,004,156 (06/07/18)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares: 39,304,156 (06/11/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  40,075,492  (06/12/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  40,305,492  (06/13/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Sino Agro Food, Inc. Changes Auditor

ECOVIS HK Resigns to Concentrate on Hong Kong Companies, Dropping All U.S. Public Companies


www.prnewswire.com/news-releases/...es-auditor-300674903.html


As a result of ECOVIS HK's resignation, on June 29, 2018, the Company appointed ZHEN HUI CPA ("ZHCPA") as its new independent registered public accounting firm.

Outstanding Shares:  40,905,492 (07/03/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  41,048,058 (07/11/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  41,192,926 (07/13/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  41,843,012 (07/17/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  41,968,941 (07/20/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  42,229,941 (07/26/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Outstanding Shares:  42,579,941 (08/01/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

Es wird in den nächsten Monaten spannend: Wird SIAF zuerst eine Dividende auszahlen oder die Authorized Shares erhöhen? Zweiteres scheint wahrscheinlicher. Das letzte Mal wurde die Zahl nahezu verdoppelt von 27Mio auf 50Mio. !!

( zur Erinnerung, damals wurde folgende Aussage von SIAF mitgeliefert:
"Raising the authorized share count does not mean raising the outstanding share count. At present, the board of directors has no plans to issue the additional shares of Common Stock authorized by the Amendment. The board of directors believes that the increase in our authorized Common Stock will provide us with greater flexibility with respect to our capital structure for purposes including stock based acquisitions."  SIAF 2017)  
..... ein Jahr später hat sich die Aktienanzahl fast verdoppelt und die angesprochene "neue" Flexibilität hat sich nahezu in Luft aufgelöst.

Auch die versprochenen Anteile an Tri-way wurden nicht ausgezahlt und sind seit einem Jahr überfällig. Jetzt verpricht SIAF auch noch eine Dividende auszuzahlen (  $0,05/Aktie noch in 2018)... all diese Versprechen dienen wohl nur dazu die Aktienanzahl weiter zu verwässern. Solange SIAF sich nicht an Vereinbarungen hält, muss man davon ausgehen, dass es sich hier um einen weiteren China-Betrug handelt. Die Risiken bleiben weiterhin enorm, wie auch der Unterhaltungswert! Dies ist wiederum bedauerlich, denn Aquakulturen sind die Zukunft, aber wird SIAF/Tri-way dieser Zukunft angehören???

Outstanding Shares:  42,929,941 (08/13/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

Sino Agro Food, Inc. Reports Q2 2018 Results

Revenue:        $34,0Mio
Gross Profit:  $5,4Mio (16%)
EPS:                0,02


markets.businessinsider.com/news/stocks/...results-1027459064

As in the first quarter, because the benefits of business reprioritization had not yet overcome obligations incurred before the reprioritization, shares were issued to cover some current and non-current other payables that typically would have been covered through normal cash-flow levels in the past.

The Company reiterates its dividend policy announced last quarter.  

Outstanding Shares:  43,579,941 (08/22/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  44,379,941 (08/28/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  44,829,941 (08/29/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

AF4: Successful Preliminary Trial of Pacific White Shrimp in APRAS

www.sinoagrofood.com/science/research/...mei-research-af4.html

In conclusion, this preliminary trial encouragingly demonstrated that Pacific white shrimp (L. vannamei) can effectively be raised in APRAS at low (3 ppt) salinity. The intent going forward is to ensure the economic viability of the approach. Targets include a growth rate of 2 grams/week (20 grams within 60 days of growout after nursery), at densities between 5-10 kg/m3.  Samocha et al. (2012) obtained up to 1.95 grams/week and 9.87 kg/m3 to 25 grams individual weight of fast-growth L. vannamei in zero-water exchange, 18 ppt salinity, high-density biofloc raceways in the U.S. Some well-managed intensive ponds in China harvesting between 3-5 kg/m3 have reportedly obtained growth rates of up to 2 grams per week after nursery stocking, and FCR’s closer to 1.2 – 1.4. Preliminary economic projections indicate that with this level and other minor assumptions, a total profit of well over 50% can be achieved in APRAS for this species. Better biological performance than observed in this study can likely be achieved with faster growth in the nursery, increased feeding rate to account for maximum growth, higher quality feed, higher salinity and/or mineral levels, and use of refuges, in addition to continued microbial management and improved management of the APRAS APM. Subsequent trials will address such issues and establish growth rates at various densities.  

Outstanding Shares:  45,080,208 (09/06/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  45,580,208 (09/07/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  46,043,356 (09/11/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  46,238,288 (09/13 /2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  46,411,298 (09/17/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  46,572,949 (09/19/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  47,072,949 (09/20/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Typhoon Mangkhut was the strongest hurricane to strike Hong Kong and China’s Pearl River Delta since 1983. As of September 23, 102 fatalities have been attributed to Mangkhut, mainly in the Philippines.

Based on our preliminary assessment, overall losses for Sino Agro Food are likely to be capped under USD 1M. Repairs of buildings and infrastructure will account for about 80% with the remaining 20% arising from loss of product, mainly broodstock and HU fruits and vegetables. The typhoon will not have a more than minimal adverse effect on overall production in Q4 2018 or beyond, with the exception of the HU plantation. .....

www.sinoagrofood.com/typhoon_mangkhut_update

Outstanding Shares:  47,252,949 (10/01/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares:  47,702,949 (10/05/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Tri-way Industries Limited Announces Share Dividend to Sino Agro, Inc. Shareholders

18.3% of Tri-way Industries Limited Shares to be Distributed

www.sinoagrofood.com/

Outstanding Shares:  47,952,711 (10/10/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares: 48,220,711 (10/11/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares: 48,420,711 (10/12/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Outstanding Shares: 49,355,640 (10/18/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Cancellation of record date for distribution of dividend shares in Tri-Way Industries Limited

Reference is made to the announcement by the Company on 8 October 2018 regarding the distribution of dividend shares by Tri-Way Industries Limited (“Tri-Way”). Reference is further made to the ex date announcement made by the Company on  30 October 2018 in respect of the record date for the right to receive the distribution.

The Company regrets to inform its shareholders that the record date has been cancelled. The Company refers to the attached announcement made by Tri-Way whereby Tri-Way announces that it withdraws the record date, as it has been advised that certain aspects of the proposed transaction need to be evaluated further in light of United States regulatory requirements and other steps may have to be taken before the distribution is initiated.  The announcement further states that Tri-Way still intends to have its shares distributed to SIAF’s shareholders and will keep its own shareholders and the public at large updated on this matter as it deems necessary or advisable.

newsweb.oslobors.no/message/463033

On November 8, 2018, the Board of Directors (the “Board”) of Sino Agro Food, Inc. (the “Company”), received a letter of resignation from Nils-Erik Sandberg from all of his positions with the Company. Mr. Sandberg was an independent director of the Company, the chairman of its audit committee as well as the chairman of its compensation committee. There was no disagreement or dispute between Mr. Sandberg and the Company which led to his resignation.



www.sec.gov/Archives/edgar/data/1488419/...3/tv506864_8-k.htm

Sino Agro Food, Inc. Reports Q3 2018 Results

Revenue:         $38,8Mio
Gross Profit:   $6,2Mio (16%)
EPS:                   0,09

"The Company has adopted austerity measures to reduce equity funding, and has made substantial strides in that direction."

"We are confident in our long term prospects and, therefore, plan to issue a dividend before year-end."


news.cision.com/sino-agro-food/r/...s-q3-2018-results,c2673488

Sino Agro signs MoU for 60,000t aquaculture farm in Angola

Sino Agro Food, the firm behind the shrimp 'megafarm' in south China, has signed a memorandum of understanding (MoU) to consult on a planned 60,000-metric-ton-capacity aquaculture farm in Angola.

According to Sino Agro, the MoU document will serve as registration for a funding request from a regional Angolan state sponsored aquaculture agency to Angolan authorities for inclusion in the China Credit Line to Angola.

www.undercurrentnews.com/2018/11/23/...ulture-farm-in-angola/

SAD NEWS FOR THE SIAF FAMILY

Sino Agro Food’s CFO, Mr. Daniel “Dan” Ritchey passed away this weekend.
We are all deeply saddened. Dan was a vital and loved part of our company for many years, a trusted friend and colleague. Our thoughts and prayers are with his wife Galina and their sons Jason and Demetri.
Dan has been seriously ill for many months now. He did not want anyone to know, including me, until things took a turn for the worse recently.
Dan has long made dedicated and lasting contributions to SIAF. While many know him as a true professional, I will remember him as a valued friend.
We will all miss him.

Solomon Lee

sinoagrofood.investorroom.com/in-memory_dan-ritchey

Outstanding Shares:  49,566,174  (12/06/2018)

"Our ambition is that the equity will never again be used as currency...."   (SIAF 2014)

"Raising the authorized share count does not mean raising the outstanding share count..... " (SIAF 2017)

" The Company has adopted austerity measures to reduce its dependence on equity funding by approaching it as the exception.... " (SIAF 2018)

Unglaublich, aber die noch im November bestätigte Dividendenpolitik wurde nun zurückgezogen. Dividende von 0.05/Aktie wird nun doch nicht ausgezahlt... augenscheinlich diente dieses Manöver ( ebenfalls wie die angebliche Verteilung der Tri-way Anteile) lediglich dazu, weiterhin den Markt mit Aktien fluten zu können. SIAF stinkt extrem nach Fisch!

Kartenhaus fällt zusammen:

www.sec.gov/Archives/edgar/data/1488419/...6/tv509374_8-k.htm

On August 29, 2014, Sino Agro Food, Inc. (the “Company”) issued a Promissory Note (the “ECAB Note”) to Euro China Capital AB (“ECAB”) in the principal face amount of $33,300,000, as subsequently amended by a Restructuring Agreement executed in July of 2017 (as so amended, the “New Note”).



We received a notice of default (the “Notice”) from ECAB on December 12, 2018 contending that the New Note was in default because (i) SIAF has not made repayments on the New Note in the manner prescribed by its terms, and (ii) of certain other unspecified events of default. While ECAB stated in the Notice that it has not elected to accelerate the right to repayment of the entire principal amount, including accrued but unpaid interest on the ECAB Note, it reserves the right to do so.



Prior to receipt of the Notice from ECAB, the Company was attempting to reach a negotiated settlement with ECAB. Notwithstanding receipt of the Notice, the Company hopes to continue to work with ECAB to settle its obligations under the ECAB Note. The Company intends to vigorously defend its position should a mutually amicable resolution prove unattainable.



.... gleichzeitig wird der Markt weiter mit Aktien geflutet:

Outstanding Shares:  49,866,174   (12/18/2018)

... der angebliche Dividendenhype war sowas von Fake... zu keiner Zeit war dafür Geld vorhanden... nicht mal nachdem man den Markt mit 20Mio Aktien geflutet hat.... jetzt wird sich vermutlich herausstellen, dass die Vermögenswerte ebenfalls nicht mehr wert sind, als heisse Luft ... Gaunerbande!