Friday, June 01, 2018 10:27:12 AM
Gansu Yasheng Industrial Group Co Ltd (600108.SS).
There is no real relationship. Except that Parent (The Gansu provincial government who owns close to 83% of HERB) also has a minority interest in that one. But they don't control it. Call it a half-sister. Although HERB and that one seem to be located in the same building now.
The company that HERB did an asset swap with, used to be a 100% sister. 100% owned and controlled by parent. There is no mention of a VIE anywhere.
Parent has a stake in at least 7 of these (agricultural) companies in the Gansu region. Most are not publicly listed.
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