I'm not aware of that. I think HERB swapped out the MJ business as far as it existed (resale). Not that the market cares. I'm just way way beyond that insignificant part of their business.
Summary of appraisal by Beijing Northern Yashi Assets Appraisal Co. Ltd.: The appraisal is based on fair value of the assets as of December 31, 2014 of the long term lease management rights in the five to be acquired by Yasheng’s wholly-owned subsidiary, GAAT. The appraisal took into account the capitalized value of the land eases, the location of the properties, the utmost utilization of the land, the supply and demand of similar properties, the profits that can be generated from farming the land and other factors. Based on these factors, the appraisal of the lease management rights to be swapped in was $USD 2,308,149,500.
Summary of appraisal by JinChang Niedu Joint Assets Appraisal Firm: The appraisal is based on fair market value and includes all the net assets related to seven companies which hold the land use farming rights to the agricultural properties currently held by GAAT. The appraisal included the total assets and liabilities. The appraiser utilized the market approach, the cost approach, and the income approach and concluded the swapped out assets as of December 31, 2014 were worth $USD 2,262,478,200.
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