JB and ZJMY Holding Co (JBZY)

[floridany]

I Firmly Believe This Is the Case.

Please have a look at some of the timelines:

On November 17, 2016, WANG DeQun and Jinbo Investment Group bought 99% of ZJMY.

On December 2, 2016, WANG DeQun bought DOLV for public listing of ZJMY in the US.

On December 13, 2016, ZJMY debuted their EV at Hainan show.

On January 2, 2017, a new company Zhongtou (China Investment) Jinbo Industrial Co., Ltd was registered with infusion of 5,0000,0000 RMB (about $72.4 millions USD), mainly from Mr. Wang. http://www.tianyancha.com/company/2990023943. This company is lead by Mrs. Hua Huang as the director.

The fact that the company name starts with Zhongtou is very important. Zhongtou stands for China Investment or China Investment Corporation (CIC). CIC is a state-owned company having assets of $813.8 billions USD as of 2015. https://en.wikipedia.org/wiki/China_Investment_Corporation.

I believe Zhongtou Jinbo was set up as a facility to receive investment from CIC if their expansion needs funds from outside. If this is true the RS concern should be thrown out of window already. The anticipated joint financial should have some revealing.