Company:  YASHENG GROUP (HERB)
Form Type:  10-Q
Filing Date:  5/14/2014 
CIK:  0001123312 
Address:  805 VETERANS BLVD., SUITE 228 
City, State, Zip:  REDWOOD CITY, California 94063 
Telephone:  650-363-8345 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$0.26  
Change: 
0.0799 (45.37%)  
Trade Time: 
Nov 21  
Market Cap: 
$40.23M
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Description of Business
Our principal shareholders holding 90.17% of our voting power have taken action by consent without a meeting approving the swap of all of the agricultural management rights of our wholly-owned subsidiary, Gansu Asia-America Trade Co., Ltd. ("GAAT") in return for the long-term lease management rights to the agricultural properties of our sister company, Gansu Yasheng Agro-Industrial and Commerce Group Co., Ltd. ("GY"). The swap was implemented pursuant to a Swap Agreement between GAAT and GY. Under the terms of the Swap Agreement, GAAT has transferred to GY its right to manage and operate seven companies which have the agricultural management rights, and GAAT received the agricultural long-term lease management rights held by GY referred to as the "Swap".
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  FORM 10-Q
    PART I FINANCIAL INFORMATION
      Item 1.Financial Statements
        REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
        BALANCE SHEET
        INCOME STATEMENT
        CASH FLOW
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
      ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL ...
      Item 3. Quantitative and Qualitative Disclosures about ...
      Item 4. Controls and Procedures.
    PART II
      Item 1. Legal Proceedings
      Item 1A. Risk Factors
      Item 2. Unregistered Sales of Equity Securities and Use of ...
      Item 3. Defaults Upon Senior Securities
      Item 4. Submission of Matters to Vote of Security Holders
      Item 5. Other Information
      Item 6. Exhibits
    SIGNATURES
  EXHIBIT 31.1
    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
  EXHIBIT 31.2
    CERTIFICATION OF CHIEF FINANCIAL OFFICER
  EXHIBIT 32.1
    CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED ...
  EXHIBIT 32.2
    CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED ...
  EXHIBIT 99.1