Business
Yasheng Group Notifies FINRA of Plan to Pay Preferred Dividend to Common Shareholders
Yasheng Group Notifies FINRA of Plan to Pay Preferred Dividend to Common Shareholders.
About this update from Yasheng Group
[{"type":"text","content":"Yasheng Group Notifies FINRA of Plan to Pay Preferred Dividend to Common Shareholders; Begins Raising Capital for our Subsidiary, Jove Pharmaceutics In Order to Bring Next Generation Cancer Curing Cell Therapeutics to MarketSAN JOSE, CA--(March 1, 2023) - Yasheng Group, (OTC: HERB), an agricultural and biotech company with U.S. headquarters in San Jose, California today announced that Yasheng Group is in process of paying a preferred dividend to its common shareholders (pro rata) so that every owner will receive 1 preferred share for each 10 shares owned on an updated record date of March 7, 2023. March 31, 2023, has been set as the payment date.Those that subscribe to purchase shares from our crowdfunding offering will not own shares on or before the record date and therefore will not be entitled to this dividend. Those who buy through the stock market will be entitled to the dividend based on an ex-dividend date to be set by FINRA.MESSAGE TO POTENTIAL INVESTORS IN THE CROWD FUNDING RAISE UNDER REG CFDear Potential Investor:I am writing to you on behalf of Yasheng Group, a U.S. company conducting business operations in the US, China, and the Philippines in four major segments: Agriculture & Fisheries, Biotechnology, Blockchain, and Mining. We are offering a total of 20,000,000 shares at a price of $0.25/share for our Biotechnology segment. This is an equity offering with voting rights.Our biotechnology segment focuses on Jove Therapeutics, a spin-off company from ProMab Biotechnologies, Inc. Jove Therapeutics’ mission is to expand tomorrow’s cutting-edge technology for the development of multiple myeloma and other cancer treatment. The company takes the stage of powerful cell therapeutics by bridging CAR-T/NK’s gene delivery gaps with mRNA-LNP in cancer therapy. Jove Therapeutics’ lead asset, PMC750NK, is a next-generation allogeneic CAR-NK engineered by the mRNA-LNP system and is derived from PMC750, an extensively validated CAR-T program that targets multiple myeloma. PMC750 has completed its efficacy tests through extensive pre-clinical research, including in-vitro analysis and animal toxicology studies.Our research models include humanized single-chain variable fragment (scFv) targeting the B Cell Maturation Antigen (BCMA) for use in allogeneic engineered cell therapies, as well as a non-exclusive license of an mRNA-lip...