REDWOOD CITY, CA--(Marketwire - March 08, 2011) - Yasheng Group (OTCQB: YHGG) (FRANKFURT: YSF), a high-growth diversified China-based agricultural conglomerate with US headquarters in California, today announced the company's listing on Deutsche Börse under the symbol "YSF." As one of the world's leading exchange organizations, Deutsche Börse Group has recently announced its merger with the NYSE in a deal that will create the world's largest exchange for stocks and derivatives.
Chairman Zhou Changsheng said, "Yasheng Group has been seeking opportunities to expand its business at both domestic and international levels. The board of the company has included European expansion into the global strategic plan for 2011. Being dually listed, on the Deutsche Börse exchange, as well as here in the US, will help build greater international awareness for our company while still keeping a focus on the US market."
Yasheng Group (OTCQB: YHGG) (FRANKFURT: YSF) (www.yashenggroup.com), 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 lead by a highly qualified management team and it has total assets of approximately $1.7 billion, over 15,000 employees, and a history of strong sales and earnings growth.
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.