JB and ZJMY Holding Co (JBZY)

[floridany]

ZJMY EVs are in Production

JB Group had an announcement on its Wechat account on May 1, 2017. Due to recent frequent unauthorized visits to ZJMY' new energy car manufacturing site by subsidiaries and business associates, which cause interference to its normal production operations, JB announced that no more site visit without permission and organization from the JB headquarter.

This has three implications in my opinion:

1. JB is the boss.
2. EV production is on.
3. ZJMY is getting more attention.

We might be happily surprised to see some revenue number from the anticipated financials.

I believe that company made right decision. Where and how their products are manufactured should be guarded as a secret.

ZJMY starts getting attention which is very good. I remember somebody here found a piece of news saying that a mayor from some county visited ZJMY last month. There could be more people want to see their production, especially the competitors.