SOURCE: Yasheng Group

November 09, 2009 01:08 ET

Agreement of Yasheng Eco Trade to Acquire 75,000,000 Shares of Yasheng Group Terminated

REDWOOD CITY, CA--(Marketwire - November 9, 2009) - Yasheng Group (PINKSHEETS: YHGG), announced today that an agreement between Yasheng Group's majority shareholder Yasheng Group BVI and Yasheng ECO Trade Corp wherein Yasheng Eco Trade was to acquire 75,000,000 shares of Yasheng Group has been terminated due to a clause in the agreement that either party could terminated if the acquisition was not concluded by the end of September 2009.

Yasheng Group has other agreements with or involving Yasheng Eco Trade Corp as previously announced by Yasheng Eco Trade Corp and Yasheng Group can provide no assurances at this time that those agreement will be consummated.

About Yasheng Group:

Yasheng Group (PINKSHEETS: YHGG) is a diversified agriculture conglomerate incorporated in California, operating hi-tech agriculture as its core business with advantages in rich land, advanced irrigation facilities, strong R&D, agro, and biotechnology capabilities, as well as its competent workforce in China. The company operates 6 major product segments including field crops, vegetables, fruit, specialty crops, seeds, and poultry. With total assets of approximately $1.7 billion USD and over 15,000 employees, Yasheng Group has 155,097,355 shares issued and outstanding as of June 30, 2009.

Further information concerning Yasheng Group can be found on the corporate website:

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.

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