Sunday, May 25, 2014 11:22:04 AM
Some excerpts form the 10K
http://www.sec.gov/Archives/edgar/data/1123312/000119983514000130/yasheng_10k-15944.htm
"Yasheng Group has set up hemp ecological agriculture bases in Gansu Province and the Inner Mongolia Autonomous Region. Approximately 10,000 mu of hemp were planted in 2013, and in 2014 the planned cultivated area of hemp will be expanded to over 20,000 mu."
"Through the comprehensive development of 400,000 acres of pasture, shape the scale of amount of livestock on hand of 368,000 beef cattle and 240,000 mutton sheep, we believe we will achieve an annual production capacity of 92,000 tons of beef and 10,080 tons of mutton sheep. The total investment of the project is $322 million, of which $153 million is investment in fixed assets and working capital of $169 million. After completion of the project, which could realize sales income of $321 million with annual additional net earnings of $73 million."
Doesn't mean I will buy more shares because I already have a lot. It means I will hold on to it longer.
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