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 Tracking 1053 U.S. listed China Stocks and Counting...
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Founded in 1996, Yuhe International Inc. ("Yuhe") is the second largest day-old broiler breeder in China.Yuhe hatches and sells broilers to farms when they are one day old. With headquarters in Weifang, Shandong province, the Company has modern, ISO9001 certified facilities and is led by an experienced team which includes experts in chicken breeding, disease prevention and animal husbandry science. The Company had a capacity of roughly 2.3 million sets of Hubbard and Arbor Acres parent breeders at 33 chicken farms and 3 hatcheries.

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Fijas 20-May-2011 10:12 AM
Post Type: Public Public
Yamamoto wasn't paid out.  Nothing was paid.  You simply had a share transfer from (#10246) In Response to original message: #10238 posted by malc9141 on 13-Apr-2011 11:31 AM

Yamamoto wasn't paid out.  Nothing was paid.  You simply had a share transfer from Yamamoto to Zhentao, which was marked as share-based compensation (which ultimately flowed to retained earnings).  An equivalent amount was then added to additional paid-in capital such that shareholder equity remained unchanged.  In short, there was just movement from retained earnings to additional paid-in capital (which you can confirm by looking at the Qs at the back-half of 2010 compared to the most recent 10-K).

No income tax is paid because the company is a registered agricultural company.  These companies don't pay tax in China.

@Maj, if you think you know something about YUII that isn't public, please let us know.  I'm long the stock as I believe the stock has been made cheap by those concerned about these accounting number transfers, but I'd hate to be stuck if Geo is going short for reasons that aren't yet obvious to me.

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