China Dongsheng International, Inc.
China Dongsheng International, Inc. Enters into Letter of Intent to Acquire Strategic Ginseng Property
Published in Law and Health Weekly, March 8th, 2008
China Dongsheng International, Inc. (BULLETIN BOARD: CDSG.OB) (the "Company") announced that it has reached final terms and entered into a letter of intent to acquire land and ginseng crops in Jiaohe, Jilin Province for approximately $8,965,900. At the closing, the Company will have successfully acquired land use rights for the 3,133 acre property until February 7, 2034. This property has been planted with approximately 18.8 million ginseng plants (or 6,000 per acre) since 2004.
According to an independent evaluation from the Tonghua Huiyuan Ginseng Institute, the property, which is located at Changbai Mountain (known as the top ginseng production area of China), is a...
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