YaSheng Group (HERB)

[Helium-3]

"Yasheng Group Joint Venture With Inner Mongolia Meng Yuan Agriculture Company"

I wonder if RD saw this article?

REDWOOD CITY, CA--(Marketwired - Jul 17, 2014) - Yasheng Group (OTCQB: HERB), a high-growth diversified China-based agricultural conglomerate with U.S. headquarters in Redwood City, California, today announced that it has entered into a joint venture agreement with Inner Mongolia Meng Yuan Agriculture Co. Ltd. The purpose of the joint venture is to create a new industrial hemp plantation and develop hemp products for domestic and export markets.

The project is located in the Bayinnaoer Region of Inner Mongolia on 110,000 acres of agricultural land. The first year expected planting area is approximately 5,000 acres, second year is 10,000 acres, and the third year is 30,000 acres. Yasheng Group is responsible sales and marketing and providing seeds, seedlings, planting techniques, and fertilizer. Meng Yuan is responsible for the daily management of the crops including pruning, watering, fertilization, and weeding.

Hemp grown in Northwest China is known for the quality of its fiber, which is used to produce high-end clothing for export to Europe and Japan. Demand for hemp seed has also increased in recent years due to its popularity as a health food. [/quote

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http://www.marketwired.com/press-release/yasheng-group-joint-venture-with-inner-mongolia-meng-yuan-agriculture-company-otcqb-herb-1930803.htm