Business News • MarketWire • Yasheng Group Announces Asset Swap for Premium Value Crops |
Yasheng Group Announces Asset Swap for Premium Value Crops |
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Yasheng Group Announces Asset Swap for Premium Value Crops
REDWOOD CITY, CA--(Marketwired - October 19, 2015) - Yasheng Group, (OTCQB: HERB), a China-based agricultural growing Company with U.S. headquarters in Redwood City, California today announced that Yasheng's principal shareholders holding 90.17% of the outstanding shares of Yasheng Group, took Action by Consent without a Meeting approving the swap between Yasheng Group, Gansu Yasheng Salt Chemical Industrial Group, Gansu Asia-America Trade Co. Ltd and Gansu Yasheng Agro-Industrial and Commerce Group Co. Ltd. pursuant to which Yasheng Group will swap out all of its agricultural properties in exchange for certain long-term lease management rights in agricultural properties held by Gansu Yasheng Agro-Industrial and Commerce Group Co Ltd., our sister company.
View More : http://www.marketwired.com/mw/release.do?id=2064990&sourceType=3
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