JB&ZJMY's OEM for the V3 SUV, Chery Cowin, to be acquired by Wuliangye. Stay with me for a bit, and you will see the connections to Jinbo Group and subsequently to JB&ZJMY. Wuliangye is a premier wine maker in China that has bold investment plans. In October there have been many reports of Chery Cowin (Kay Wing) being sold off to a large investor. Wuliangye and Chery Cowin now have a signed framework agreement according to recent news. As most know, Chery Cowin (Kay Wing) is the OEM of the ZJMY V3 SUV with reported 500+ km range. The Cowin (Kay Wing) V3 is the one on zjmy888.com, JBZY's website. The Chery Cowin (Kay Wing) V3 was also featured in the Zibo advertising conference. Kenimous post with the ZJMY V3 in the Zibo conference. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134401831 Wuliangye to acquire Chery Cowin.
(paste in chrome and translate or use google translate) http://www.chinairn.com/news/20171017/152753353.shtml https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.chinairn.com%2Fnews%2F20171017%2F152753353.shtml&edit-text=
Although Chery will not be sold as a whole, but its brand will be split to sell .At present, Kay wing is negotiating with Wuliangye, Chery shares are introducing "strategic investment"
Wuliangye investment is Chery's Kay wing of the car, the amount of injection of 1 billion yuan, the two sides have signed a framework agreement.
(paste in chrome and translate or use google translate) http://auto.sina.com.cn/j_kandian.d.html?docid=fymzzpv7470404&subch=iauto https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fauto.sina.com.cn%2Fj_kandian.d.html%3Fdocid%3Dfymzzpv7470404%26subch%3Diauto&edit-text=
Quote: Floridany posted about Jinbo Group acquiring a $100 Million USD wine collection from a premier wine company, none other than WULIANGYE! In other words, JB&ZJMY's V3 SUV manufacturer, Chery Cowin Auto, is being bought out by Wuliangye, whom Jinbo Group bought a $100 million dollar wine collection from recently. Floridany Jinbo Acquires a Collection of Wu Liang Ye Brand Liquor Limited Edition https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133962161
According to media reports, Wuliangye and Kay wing vehicles have signed an architecture agreement, Wuliangye will inject 1 billion yuan to build new energy vehicles in Yibin, Sichuan.
Quote: Is this just a huge coincidence? Possibly. IMO, at the very least, Jinbo (the JB in JB&ZJMY Holding Co.) has a strong business relationship with Wuliangye, who is taking over Chery Cowin.
Jinbo Acquires a Collection of Wu Liang Ye Brand Liquor Limited Edition
The Wu Liang Ye liquor is thought to be the best alcohol brand in China. It has been assigned for state banquets. The collection Jinbo acquired is the last batch of limited edition the King of Alcohol, of 69 proof alcohol.
This collection has 18,000 bottles. Each bottle has marked sale price of RMB 39,800. The collection has market value of 716,400.000 RMB or about 100 million USD.
I would speculate that Jinbo or JB&ZJMY may be invested in Wuliangye, and therefore invested in Chery Cowin once the Wuliangye-Cowin deal is complete. All imo. Just trying to connect some dots and see the bigger picture. We will find out if Jinbo is just a major wine client of Wuliangye or an investor in Wuliangye Cowin Auto once everything unfolds.