Yasheng Group Joint Venture With Philippines-Greenphil Aquaculture and Hydroponics Holdings, Inc.
February 20 2013 - 7:00AM
Marketwired
Yasheng Group (OTCQB: HERB), a diversified China-based agricultural
conglomerate with US headquarters in California, today announced
that it has entered into a joint venture agreement with Greenphil
Aquaculture and Hydroponic Holding Inc, a Philippines company. The
joint venture is set up to explore the development of land-based
projects in Southeast Asia, particularly in the Philippines, in
areas such as sustainable aquaculture and hydroponics, industrial
seafood processing, agriculture, natural resources, and any forms
of environmental services including 500,000 Hectares of land for
terrestrial carbon credit projects. This joint venture between the
two companies is an opportunity to put together the impressive
track record of Yasheng Group in industrial agriculture and
Greenphil's successful operation in providing sustainable
aquaculture, hydroponics, and land management in key biogeographic
areas around the world.
Yasheng Group
Yasheng Group, founded over 30 years ago, is a US holding
company that conducts primarily agricultural operations in the
Northwest of China. Today it is one of China's leading producers
and marketers with six major product segments including field
crops, vegetables, fruit, specialty crops, hops, hemp, seeds, beef
and poultry. Yasheng is a supplier of high-quality agricultural
products to world-famous conglomerates such as McDonald's, KFC,
Tsingtao Beer, and Pepsi. The company is led by a highly qualified
management team and has total assets of approximately $2.0 billion,
over 15,000 employees, and a history of strong sales and earnings
growth. Please visit our website www.yashenggroup.com and register
to receive future press releases directly.
Safe Harbor Statement
Except for the historical information contained herein, certain
matters discussed in this press release are forward-looking
statements which involve risks and uncertainties. These
forward-looking statements are based on expectations and
assumptions as of the date of this press release and are subject to
numerous risks and uncertainties, which could cause actual results
to differ materially from those described in the forward-looking
statements. These risks and uncertainties are discussed in the
company's various filings with the Securities and Exchange
Commission. The company assumes no obligation to update these
forward-looking statements.
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