"Yongye International Forms Partnership with China Agricultural University
BEIJING, March 22, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), a leading agricultural nutrient company in China ("Yongye" or the "Company"), today announced it has entered into an official partnership with China Agricultural University to provide technical support to Chinese farmers.
Yongye's staff will work with the Phytopathology Institute of China Agricultural University as well as leverage the Company's distribution network to promote the practical application of agriculture technology in rural areas across China. The Phytopathology Institute of China Agricultural University is the leading plant pathology research institute in China and has been in operation for over a century.
Mr. Baosheng Tong, Yongye's Chief Scientist, and Professor Hongzhan Ma, Deputy Dean of the College of Agriculture and Biotechnology of China Agricultural University, signed the partnership agreement on the university's campus on February 21, 2011.
"We are honored to establish this partnership with China Agricultural University, which is the most prestigious agricultural academic institution in China," stated Mr. Zishen Wu, Chairman and Chief Executive Officer. "The goal of this collaboration is to leverage China Agricultural University's advanced research and comprehensive academic resources with Yongye's nationwide distribution system to improve the agricultural productivity of Chinese farmers."
Looks like an up day 2day. Nice to see a few articles on seeking alpha thats looking for shorts and Chinese reverse merger frauds...nowhere is Yongye listed or mentioned!
"China Agricultural University is the leading plant pathology research institute in China and has been in operation for over a century"
1. Its like free R@D for Yongye
2. If youre a grower looking to increase yield,wouldnt you go with a product thats researched and backed by a century old research university?
3. Shouldnt you be backing the truck up at this price?? I got my 18 wheeler loaded yesterday...keep on truckin ;^)
"Nypd: thanks. This great news. Can you provide the link? I can't find it. Thanks!"
Unfortunately, I don't have a link to provide you, as this was sent to my personal email address by IR (i.e., Athan Dounis). I'm on their mailing list re. YONG. Normally, as soon as I receive PR's like this, it's posted on Yahoo soon after.
For whatever reason, this PR has not been posted yet. Maybe you can find it on the YONG website.
I am trying to see the value in this partnership. Will they develope new products together or what is the meaning of this partnership for Yongye International other than this is respectable institution cooperating with Yongye International?
in 10 years, you will be looking back wondering why you aren't retired cause you bought this crap. monsanto is the next monsanto putz. not this china crap. buy a real american company and not this unverifiable china cook book crap.
You are being very modest: In several years the EPS will rise to reach $5 and a P/E Ratio for such a comapny could easily be 35, so the share price should be closer to $150. And in 10 years the EPS could reach $20 (25% CAGR) and the P/E Ratio could rise to 40, so we could have a share price of $800.