Monday, August 07, 2017 1:13:22 AM
Floridany's post is talking about Wuhu Huabao (Wuhu Panther) Electric Vehicle Co., Ltd.
According to Riskstorm, Wuhu Huaju Electric Vehicle Technology Co., Ltd has a Registered capital of 22.5 million yuan.
Wuhu Huaba Electric Vehicle Co., Ltd has a registered capital of 10 million yuan.
ZJMY owns a 70% stake in Wuhu Huaba Electric Vehicle Company. I don't believe Wuhu Huaju Electric Vehicle Technology Co. Ltd. became Wuhu Huaba Electric Vehicle Co. Ltd.. If it did, then the new company, Wuhu Huaba, should show at least 22.5 million in registered capital.
For that, I think they are 2 separate companies. However, Wuhu Huaju EV Technology Co. could have been absorbed into ZJMY along with Wuhu Huaba. Their combined registered capital gets closer to ZJMY's 50 million yuan registered capital.
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