The YaSheng Group
(Other OTC:YHGG.PK) High Tech Agricultural Segment is in
position to profit from an internal coordinated development
of a strain of cotton that is disease, drought, and
insect-resistant. This advancement was jointly developed by
YaSheng Group's high tech agricultural department & Gansu
Yasheng Academy of Science. The company has sowed 584 acres
and gained a record-breaking harvest that yielded more the
20% of normal.
strain of cotton can resist insect and disease by applying
transgenic technology and solves many problems that have
burdened the local industry for many years. This cotton
strain will also do better under water shortage conditions.
The cotton boll output has
increased by 0.6 CM and the cotton strain is well received
by the farmers because of its compatibility with the local
environments. YaSheng expects this development to increase
in yields by 20% with the quality reaching international
standards that will open up new markets.
The company has also
mastered the ability to develop and grow colored cotton,
keeping up with modern developments in the textile industry.
The company is expected to further tap into the textiles
market by producing this strain of quality cotton that is
leading the demand of the development of the textiles
industry in China and within other countries in Asia.
Testing has been completed
on over 584 acres and the company expects to expand
production by 20% per year over the next 5 years with goals
of 1,800 acres cotton farm.
The YaSheng Group (Other
OTC:YHGG.PK) is a diversified industrial conglomerate
incorporated in Redwood City, California, operates in
hi-tech agriculture, salt chemistry and biological
technology as its core business with advantages in rich
land, mineral resources, capital and technology reserves.
Through its 136
subsidiaries, the company operating categories include:
chemical engineering, agricultural production, biotech,
pharmaceuticals, textile products, printing and dyeing,
commercial trading, beverages and inorganic salt
manufacturing. With total assets of approximately $1.5
billion USD and over 15,000 employees, YaSheng Group has
155,097,355 shares issued and outstanding as of December 1,