From the People’s Daily Online, the following article offers biographical insights into Wu Zishen, the man, and the early of history of Yongye International.
Actually no, Richo.
Turns out that Lidi was utterly right--it was not our YONGYE. The company was Shanghai Yongye Group. It's (former) chairman was Wu Yongha.
Any other gotchas you want to try?
Here's a very recent CNBC story re a Morgan Stanley director who pleaded guilty to violations of the Foreign Corrupt Practices Act for colluding with the "former" chairman of Yongye to divert funds to secretly buy Chinese real estate, while this chairman diverted business to MS. Doesn't name the YONG Chairman. Hope it's not Wu Zishen. Also hope there's no connection between this stuff and the MS/Asia investment/involvement in YONG.
But if there is......
Meet the Management team :
6. Please explain why Yongye has various regional marketing centers?
Yongye’s provincial level distributors play a key role in developing and managing our county level distributor network in their markets. The Company’s county level distributors help it recruit and manage branded retailers. Yongye does not own any of the branded retailers that sell its Shengmingsu products. The Company’s key distributors all have dedicated teams of sales and channel management staff for Yongye’s products, and some, including Shenzhen Jiuzhoufangyuan and Shijiazhuang Jichuang, use “Yongye Sales/Marketing Center” as their name when promoting Yongye’s products in their geographic markets. As of the end of 2011, Yongye has approximately 25 provincial level distributors, 810 county level distributors and 30,086 branded retailers.
This is a great read. Just do not let RxR see it because he will say it is a fraud. You know I have come to the conclusion RxR thinks everything and everyone is a fraud. Can we say Paranoid. Anyway thanks for the post Micholobbaby.