Subject: ECO
Tri-way Industries Updates Dividend Distribution
GUANGZHOU, China, August 17, 2017 /PRNewswire/ --
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 progress to date and procedures to come in order to complete the distribution of shares in Tri-way Industries Ltd. ("TW") to its shareholders.
TW's Filing to HK Company Registry
Tri-way Industries Ltd. is near completion of all requisite documents and documentation pertaining to the allocation of TW ownership and fully paid-up capital (US$340.5 million) to its respective owner-partners, to be filed with the Hong Kong Company Registrar sometime within the next ten (10) days. Upon its filing, Sino Agro Food's ("SIAF") 36.6% holding in Tri-way is officially secured.
The F-1 Registration Statement
Regarding the F-1 registration process, TW, with the assistance of its attorneys, is in the process of completing an F-1 for initial filing. The filing, as well as its amendments, will be available for public viewing on the Securities and Exchange Commission's EDGAR website.
The HK Company Secretary
Cosmo Corporate Service HK Limited ("Cosmo") is the secretary service company of TW. Cosmo performs similar functions to those provided by a transfer agent in the U.S., such as those carried out by Broadridge Financial for SIAF.
After having met regulatory conditions/approval for its dividend share distribution, the Company will instruct Cosmo to directly register shares in book-entry form for their list of shareholders with the HK Company Registrar.
Matters related to custodian actions to be taken by beneficiaries acting on behalf of their clients, such as Forsakringsaktiebolaget Avanza Pension, Nordnet Pensionsförsäkring AB, etc.; individual shareholders of TW and relevant items or steps pertaining to them; and the availability of services provided by Cosmo to any shareholder of TW will be forthcoming in later notices from the Company, as warranted.
There are many steps required to effectuate Tri-way's dividend share distribution. As they materialize, updates will continue to be provided on TW's progress.
CONTACT:
Peter Grossman
Investor Relations
+1-(775)-901-0344
Todd Fromer / Elizabeth Barker
+1-(212)-896-1215 / +1(212)-896-1203
Nordic Countries
+46-(0)-8-120-558-30
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