Yasheng ECO-Trade (YASH.OB) Announces Joint Venture, Name Change and 1 for 100 Reverse Split
On June 30, 2010, Yasheng ECO-Trade Corp.’s Board of Directors approved a name change from “Yasheng ECO-Trade Corporation” to “ECO-Trade Corporation.” Also approved by the Board was a reverse split of the Company’s common stock, with an exchange of 1 new share for every 100 shares owned, and a Joint Venture with CMARK (CMIT.PK). The implementation of the name change and reverse split is still subject to shareholder approval as well as completion of all appropriate filings with the SEC and FINRA. William Lieberman, announced as acting President of Yasheng on June 22nd, commented on the situation, “We are entering…