From the Wires
Yasheng Group and LEMCO to Jointly Explore the Development of Land Projects in Latin America
By: Marketwire .
Feb. 12, 2013 02:14 PM
REDWOOD CITY, CA -- (Marketwire) -- 02/12/13 -- Yasheng Group (OTCQB: YHGG), a diversified China-based agricultural conglomerate with US headquarters in California, today announced a Memorandum of Understanding Agreement with Land Economics Management Consultants Ltd. relating to the development of their land projects in Latin America covering approximately 6,000,000 hectares. Under the proposed joint venture, Yasheng will provide the JV Company with strategic agricultural management for sustainable use, forestry conservation, new tree plantation, mineral mining, and environmental services including the sale of carbon credits on the China Environment and Carbon Exchange.
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