10-k page 15
Company Merger & Acquisitions in 2015
blah blah glacier melt water blah blah...
The influence of the above changes on our company will be long-term; it's more difficult to further improve operating revenue and profit levels in the future. To ensure that our company can have good support of agricultural development in the future, after careful research and analysis, and get support after consultation with the agricultural and financial experts, the company major shareholders, the Board of Directors of Gansu Yasheng Salt Group and the Board of Directors of the United States Yasheng Group, plan to cross over and recombine the efficient agricultural resources which is rich in water resources being operated by the wholly-owned subsidiary, Gansu Yasheng Agricultural, Industrial and Commercial Company of the major shareholder Gansu Yasheng Salt Group with the existing farmland fields being cultivated by US Yasheng Group in the form of equivalence, which will inject US Yasheng Group better and more efficient operating assets. Aiming to modern agricultural science, pollution-free high-value-added products and facing the two markets at home and abroad, to build a brand new US Yasheng Group in order to ensure sustainable growth in operating income and profitability of US Yasheng Group, achieving the goal of listing on main board markets as soon as possible, and create bigger profits for shareholders.
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