Thursday, April 27, 2017 4:19:28 AM
(I encourage everyone to read the actual articles or refer to the many DD posts by floridany, bobdude, brokemama, choi, etc before making investment calls):
JB&ZJMY: ->
-We know now that JB&ZJMY is Jinbo Investment Group's subsidiary Zhong Ji Ming Yang New Energy Technology Co., Ltd.. IMO this was to handle the assets (patents!) from Wuhu Huaba Electric Vehicle Co., Ltd. (courtesy of floridany -> http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130266327
-We know that Jinbo Group is looking to aggressively build on the strength of their core subsidiaries and tech. Remember they have spent the last 7+ years growing their Online-to-Offline (O2O), Factory-to-Consumer (F2C) and e-commerce subsidiaries. (The 2017 outlook link covers this all in detail as well as their expansion plan - http://www.liuyangshi.cn/liuyangxinwen/ec/135535.html)
-Furthermore we know that ZJMY has been created as an public holding company and looks to be the first of three public company 'arms' of the Jimbo Investment Group. Remember this quote from the larger plan outlined in the same 2017 outlook:
"Three core:
? Entity industry: R & D, production and sales of mobile terminal products and new energy electric vehicles are the entity industry of the company and the foundation of the company's development.
? Mobile Internet: to ensure the speed of development of the company;
? Financial sector: provide the source for the development of the company."
3-5 year-to-completion expansion plan. 3 public companies as pillars. 9 divisions to expand.
So IMO Jinbo is just getting started. As Wang Jinlai said to close, "Smell the chicken from today, leaping horse whip at this time!"
Other Links for Proof
Wuhu Huaba Electric Vehicle Co., Ltd. - Here you will find support for ZJMY acquiring Wuhu EV Co. Scroll down to Change of Record section - shows that on January 23rd Jinbo acquired 70% of Wuhu, Wang Jinlai became the primary officer, and also some paid in capital. (http://www.tianyancha.com/company/1196495175)
For a more detailed list of JB subsidiaries - I found Riskstorm gave me less trouble so here: (https://www.riskstorm.com/search?keyword=%E7%8E%8B%E5%BE%B7%E7%BE%A4&type=all&tab_type=company&size=20&from=0)
--> Someone better at translating help! Can Dequn by itself be translated to "of the group" because sometimes I get Wang Group instead of Wang Dequn
Goodnight all, I'm gonna grab some sleep.
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