Monday, October 19, 2015 3:38:19 PM
No. Gansu Yasheng Industrial has nothing to do with this deal. We always assumed it would be Gansu Yasheng Industrial but that's because we didn't know there was another sister company, a non-public one, owned by HERB's parent. We are swapping assets with Gansu Yasheng Agro-Industrial and Commerce Co. Ltd, a non-public company.
So, our parent (Gansu Yasheng Salt Chemical Industrial Group) owns all 3 of them. But only 90% of HERB of course (we own the other 10%).
I actually dug into the Chinese filings of Gansu Yasheng Industrial to see who the parent was. Gansu Yasheng Salt Chemical Industrial Group (our parent) wasn't mentioned directly. There was an intermediary or something, but no doubt our parent owns a big chunk of that one as well. They own 100% of Gansu Yasheng Agro-Industrial and Commerce Co. Ltd though, the entity we are swapping assets with.
Hope that clarifies it, otherwise I have to restructure my post
Recent HERB News
- Form C-AR - Annual Report • Edgar (US Regulatory) • 02/26/2024 01:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 08:51:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 07:00:08 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM