Yasheng Group (overseas)  

  REDWOOD CITY, CA--(Marketwire - Feb 20, 2013) - Yasheng Group ( OTCQB : HERB ), a diversified China-based agricultural conglomerate with US headquarters in California, today announced that it has entered into a joint venture agreement with Greenphil Aquaculture and Hydroponic Holding Inc, a Philippines company. The joint venture is set up to explore the development of land-based projects in Southeast Asia, particularly in the Philippines, in areas such as sustainable aquaculture and hydroponics, industrial seafood processing, agriculture, natural resources, and any forms of environmental services including 500,000 Hectares of land for terrestrial carbon credit projects. This joint venture between the two companies is an opportunity to put together the impressive track record of Yasheng Group in industrial agriculture and Greenphil's successful operation in providing sustainable aquaculture, hydroponics, and land management in key biogeographic areas around the world.
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