Yasheng Group

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Security Type
SAFE
Location
SAN JOSE, CA
Expected Close Date
August 21, 2023
Target Raise
$10.00K-$5.00M
Security Price
$0.25
Number of Employees
245
Cash
$4,176,049
Revenue
$18,588,589
Short Term Debt
$0
Cost of Goods
$13,001,365
Long Term Debt
$0
Net Income
$5,307,372

Company Description

Yasheng Group is a U.S. company, that conducts business operations in the US, China, and the Philippines in four major segments: Agriculture & Fisheries, Biotechnology, Blockchain, and Mining. Yasheng Group plans to raise this round for the Biotechnology segment of their company, and more specifically, for Jove Therapeutics. Jove Therapeutic’s mission is to expand tomorrow’s cutting-edge technology for the development of multiple myeloma and other cancer treatment.

Management Team / Advisory Board Bios

Anxue Wang

Director

BackgroundAnxue Wang served as a Senior Engineer with the Suzhou Municipal Water Affairs Bureau in China from2000 to 2010, in charge of water resources engineering survey and design. During that period, he won a Second Prize in Science and Technology Progress at the Gansu Province level. Mr. Wang currently is an independent director. He also serves as both a member of the Compensation Committee and a member of the Audit Committee.
Amount Raised : $3,250
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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