Gansu Nongken Asset Management Co., Ltd. completed the acquisition of 9.02% stake in Gansu Yasheng Industrial Co., Ltd. from YaSheng Group.
On August 1, 2014, it was announced that Gansu Nongken Asset Management Co., Ltd received approval from the State-owned Assets Supervision and Administration Commission of the State Council to acquire 9.02% stake in Gansu Yasheng Industrial (Group) Co., Ltd. (SHSE:600108).
Gansu Nongken Asset Management Co., Ltd. completed the acquisition of 9.02% stake in Gansu Yasheng Industrial (Group) Co., Ltd. (SHSE:600108) from YaSheng Group (OTCPK:HERB) on August 22, 2014. The transaction received the China Securities Depository and Clearing Corporation Ltd. approval.