yakun international investme
(YIHG:OTC US)
yakun international investme (YIHG) Key Developments
On 04/01/2013, Yakun International Investment & Holding Group announced that they will be unable to file their next 10-K by the deadline required by the SEC.
On or about August 1, 2012, Child, Van Wagoner, & Associates, PLLC, the principal accountant for Yakun International Investment & Holding Group ceased its accounting practice for SEC reporting companies. At or about the same time Anderson Bradshaw PLLC was established as a successor firm to CVB to continue performing audits for SEC reporting companies. As Anderson Bradshaw is viewed as a separate legal entity, the company dismissed CVB as its principal accountant and engaged Anderson Bradshaw, as the company's principal accountant for the company's fiscal year ending December 31, 2012 and the interim periods for 2012 and 2013. The decision to change principal accountants was approved by the Board of Directors of the company on August 1, 2012.
Yakun International Investment & Holding Group announced that it has opened its fourth retail shop in Songyuan City and five new retail shops in Changchun City. A key component of the Company's marketing strategy is to enhance market penetration by opening more retail stores in different areas of Changchun and other cities in Jilin Province. The Company's stores are located in prosperous business or residential areas with heavy foot traffic. The addition of the new stores increased the total area of the Company's stores by 536 square meters from the amount of space occupied by its stores as of the end of 2011.
On 05/16/2012, Yakun International Investment & Holding Group announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Yakun International Investment & Holding Group announced that in April it opened two new stores in Songyuan City, Jilin Province. The stores were opened under the company's "DingFengZhen" brand name. These are the 2(nd) and 3(rd) retail shops opened by the company in Songyuan City.
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