JB and ZJMY Holding Co (JBZY)

[floridany]

About Wuhu Huabao (Wuhu Panther) Electric Vehicle Co., Ltd:

http://www.tianyancha.com/company/1196495175

As of 2017-01-23 the legal representative became WANG Dequn from HAN Jianfang, meaning WANG Dequn bought majority of the company and put under ZJMY. The registered capital was 10,000,000 RMB, which is about 1.5 million USD.

The ownership of Wuhu Panther breaks down to:

70% by ZJMY
29% by HAN Jianfang
1% by XIE Haitao

In my opinion JB bought this company for two purposes:

1. To possess all the patents and know-hows produced and owned by this company.

2. Make sure Mr. HAN is a part of company, not just an employee, so that his interest in protected.

This company is an experiment station for Mr. Han and his team.

Following article is the EV business plan proposed by Mr .Han in 2015.
http://wenku.baidu.com/view/cbc57af36394dd88d0d233d4b14e852458fb397e.html?from=search. My translation can be found here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130426680

In above article, it states that the company has assets of 1,900,000 RMB in 2015. ZJMY was one of the investors then. This tiny assets is only good for a small experiment station.