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Hainan Yedao Announced Winning Big Contract
CreateTime:30-04-2008

Hainan Yedao (Group) Co., Ltd (Stock Code: 600238) reached an consensus on the board meeting held on December 28 of 2007 that they will work together with the government of The Lao People's Democratic Republic on the project of cassava’s planting and processing. According to the framework agreement signed by both parties, The Lao People’s Democratic Republic will provide Hainan Yedao with the set land in Savannakhet in the form of rental as the base for the cassava’s planting and processing. The leasehold of the land is limited to be 30 years and the total investment is 25 million U.S. dollars. As this project hasn’t started operation yet, there is likely to be some uncertainties.

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