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Published in House and Home on Friday, January 30th 2009 at 5:28 GMT, Last Modified on 2009-01-30 05:28:45 by Market WireREDWOOD CITY, CA--(Marketwire - January 30, 2009) - YaSheng Group (
"This marks the beginning of a new era for Yasheng Group. It was a long time in the making, and Yasheng Group now has audited financial statements that can be used to list on any major US stock exchange," said Chairman Zhou Cheng Sheng. "Now that our auditor is PCAOB registered and accepted by the SEC, we anticipate that our future audits will be provided in a timely manner. We are also considering hiring a top international CPA firm to conduct our future audits," he added.
"We are very pleased with the outcome of the audited financial statements," Chairman Zhou concluded.
The audited statements can be viewed here:
[ http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19228 ]
About YaSheng Group:
The YaSheng Group (
Through three major industries, Agriculture, Chemical, and Biotechnology, the company's 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 31, 2007.
Further information concerning YaSheng Group can be found on the corporate website: [ http://www.yashenggroup.com/ ]
Forward-Looking Statements:
Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
