Yasheng ECO-Trade Corporation, has signed a Financial Advisor Engagement Letter with a foreign investment banking firm to obtain bank financing for the Yasheng Russia Breeding Complex. The Investment Banking firm has retained Dr. Sam Frankel to assist in obtaining funds from semi-governmental funding sources.
As announced on June 24, 2009, the Yasheng Russia Breeding Complex will be a Joint Venture between Yasheng ECO-Trade Corporation and Create Agrogroup Zao. The expected cost of the project is $186 million that is projected to be completed in three stages over five years.
About Dr. Sam Frankel, PhD
Sam Frankel has over 25 years experience in Banking and Finance including extensive experience working with Export Credit Agencies around the world, including but not limited to the World Bank, European Bank for Redevelopment and Development, European Investment Bank, International Finance Corporation, and similar institutions. In addition, Mr. Frankel has spent seven years as senior lecturer of Finance, International Finance and International Business at the MBA program at the Tel Aviv Academic College & the College of Management Rishon Letzion.
About Yasheng ECO-Trade Corporation
The Company's business has been the identification and acquisition of undervalued assets within emerging industries for the purpose of consolidation and development of these businesses and sale if favorable market conditions exist. The Company's objective is to find, acquire and develop resources at the lowest cost possible and recycle its cash flows into new projects yielding the highest returns with controlled risk. The Company's competencies include financial services, mergers and acquisitions, accounting, real estate development and natural resources exploration. The Company is currently in the process of developing a logistics center. As part of its strategy to develop a logistics center, the Company has entered a term sheet with Yasheng Group in which Yasheng Group, among other things, has agreed to contribute real property for the development of a logistics center. Further, the Company and Yasheng Group have jointly entered into a cooperation agreement with Legend Transportation based in Texas.
Source: Business wire
As announced on June 24, 2009, the Yasheng Russia Breeding Complex will be a Joint Venture between Yasheng ECO-Trade Corporation and Create Agrogroup Zao. The expected cost of the project is $186 million that is projected to be completed in three stages over five years.
About Dr. Sam Frankel, PhD
Sam Frankel has over 25 years experience in Banking and Finance including extensive experience working with Export Credit Agencies around the world, including but not limited to the World Bank, European Bank for Redevelopment and Development, European Investment Bank, International Finance Corporation, and similar institutions. In addition, Mr. Frankel has spent seven years as senior lecturer of Finance, International Finance and International Business at the MBA program at the Tel Aviv Academic College & the College of Management Rishon Letzion.
About Yasheng ECO-Trade Corporation
The Company's business has been the identification and acquisition of undervalued assets within emerging industries for the purpose of consolidation and development of these businesses and sale if favorable market conditions exist. The Company's objective is to find, acquire and develop resources at the lowest cost possible and recycle its cash flows into new projects yielding the highest returns with controlled risk. The Company's competencies include financial services, mergers and acquisitions, accounting, real estate development and natural resources exploration. The Company is currently in the process of developing a logistics center. As part of its strategy to develop a logistics center, the Company has entered a term sheet with Yasheng Group in which Yasheng Group, among other things, has agreed to contribute real property for the development of a logistics center. Further, the Company and Yasheng Group have jointly entered into a cooperation agreement with Legend Transportation based in Texas.
Source: Business wire
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