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Yasheng ECO-Trade is an independent emerging resources company. The Company's focus is on the acquisition, exploration, and development of undervalued assets. YASH's objective is to find, acquire and develop resources at the lowest cost possible and recycle its cash flows into new projects yielding the highest returns with controlled risk.
The company competencies include financial services, mergers and acquisitions, accounting, real estate development, and natural resources exploration.
Yasheng Group (The Parent Company) is a a diversified industrial conglomerate incorporated in California, which operates a group of companies engaged in the agriculture, chemicals and biotechnology businesses in the People's Republic of China.
Through three major industries, Agriculture, Chemical, and Biotechnology, the company's operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing.
The Company produces over 51 major products in Northwest China, seven of which have received the national 'Green Award' for meeting the environmental and health quality standards.
The Company's products are sold in China as well exported to the U.S., Canada, Australia, Pakistan, Iran, and many other countries in Europe and Asia. Major customers include well-known companies; Tsingtao Beer, KFC, and McDonalds, among others.
Yasheng Group employs over fifteen thousand employees with offices in the U.S. and China. The company reported USD $656 million in revenue in 2007, and net income of USD $71 million.
The Yasheng growth plan is to capitalize on its longstanding market leadership in the Chinese agriculture industry. At the same time, the Company is poised to expand further into the global market through organic growth and merger and acquisitions.
Yasheng ECO Trade Corporation is currently under a term sheet to acquire the Yasheng Group, pending board approval. This transaction is subject to the drafting of a final definitive agreement, performing due diligence as well as board approval of the Company.
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