China Intel Info Sys (IICN)

[Edil_Kyrgyzstan]

TIME IS UP


Here is translation of an article in today's Czech leading newspaper
original here https://zpravy.e15.cz/byznys/prumysl-a-energetika/akcie-majitele-liglass-trading-leti-nahoru-diky-kyrgyzskemu-tendru-1337322

Shares of Liglass Trading owner fly up thanks to the Kyrgyz tender

September 11, 2017 • 19:00
The value of the shares of originally China's China Intelligence Information Systems (IICN) rose sharply in the last month from $ 0.01 to $ 0.32. In her leadership, she is the owner of the Czech company Liglass Trading , which, following the recommendation of the Czech President, won a tender for the construction of hydroelectric plants in Kyrgyzstan. There are doubts as to whether such a demanding project is financially and technologically feasible.
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Michael Smelik, Juraj Pavol and Jirí Vojtechovský, members of the railway company, also own the Chinese company China Intelligence Information Systems (IICN) . She warned of the Kyrgyz media.
The three men bought it in June 2017. The value of IICN shares has since experienced a dramatic rise since July 10, when a contract was signed between Liglass Trading and the Kyrgyz government . From $ 0.01, it climbed to $ 0.32 in a few days. The current market value of a company whose shares are traded on an unregulated OTC market exceeds ten million dollars.
In July, IICN, in a three-page prospectus for prospective Liglass investors, admits the preparation of some form of merger with Liglass from which potential investors will benefit.
The text describes the alleged extensive experience of the Czech company. "As a well-known player in the field of renewable energy in the Czech Republic, Liglass jumped on the occasion of building a cascade of power plants in the CASA-1000 project," writes IICN in the text.
Liglass Trading must pay the Russians for a controversial Kyrgyz contract. Time is shorter
Industry and Energy
Liglass Trading must pay the Russians for a controversial Kyrgyz contract. Time is shorter
The Prague Castle, the Ministry of Industry and Trade, as well as experts in the field have already said that they have not heard of Liglass before.
An unknown Czech company Liglass Trading helped President Milos Zeman and Chancellor Vratislav Mynar when he advised her on the Kyrgyz side. Kyrgyz President Almazbek Atambaev, who had denounced the deal with RusGidro because of the inability of the Russian energy company to tighten the project, stood out for Czech investors. Opposition and media mark the whole thing as a scandal and a scam.
Liglass Trading now has only a few days left to pay the $ 37 million of the original investor from the Naryn River hydroelectric cascade project to pay off. If Liglass Trading does not do so, the contract will probably be canceled by the government.
In addition to hydroelectric plants, the Czech company wants other projects in Kyrgyzstan. No one knows her
Industry and Energy
In addition to hydroelectric plants, the Czech company wants other projects in Kyrgyzstan. No one knows her
"I'm not God, so I do not know if the money will be paid. But anyway, Kyrgyzstan will not lose anything, "said Kyrgyz President Sapar Isakov.
Turnover of Liglass Trading is in the order of hundreds of thousands of Czech crowns and is located in a semi-destroyed building in the Czech Republic. In Kyrgyzstan there are hundreds of millions of crowns. The total investment of the Czech company in the first stage is expected to reach 230 million dollars (5.1 billion crowns), later to cost up to 700 million dollars (15.9 billion crowns).