H-D International Holdings Group (HDIH)

[zen222]

I sincerely hope not too many folks were bamboozled by that registered capital bullshit.

$HDIH $45 million Registered capital of combined subsidiaries- per twitter:

Registered capital is a relatively meaningless term when it comes to Chinese companies.
http://www.lehmanlaw.com/fileadmin/lehmanlaw_com/Publications/Briefing_Paper_Series/Registered_Capital_of_Foreign_Invested_Enterprises_in_China.pdf

"Even if all the registered capital was actually put into the business, it may or may not still be there. And even if the Chinese company still has all of its registered capital in a Chinese bank somewhere, the company might owe fifty times that amount in debt."
https://www.chinalawblog.com/2017/05/china-company-law-myths-registered-capital-and-personal-liability.html

"Paying to Have More Capital Registered:
it is, in fact, possible to simply pay a fee in order to have the capital for a company registration massively increased. This is arranged through business consulting companies who use their own, real capital for the process. Once the registration and paying up is complete, the service provider takes back their capital and uses it for the next client."
https://www.chinacheckup.com/blogs/articles/fake-registered-capital