Yong Bai Chao New Retail Corp (YBCN)

[SecretMillionaire]

I'm excited about it too. I was looking at that class action closer. There are two plaintiffs and two defendants. I don't understand how to interpret multi-party defendants. I would have to ask a lawyer why? It's two different franchisees with the same franchise. If those are just two solo locations, punitive damages wouldn't be as high as my 1M settlement figure. I was just throwing out a high number from an experience. But why sued together? I don't understand. And then that building has 5 other businesses, so I better not jump to any conclusions. I'm not even saying the plaintiffs complaints are valid. I'm just giving them the benefit of flipping the burdens of proof. Maybe cultural differences here. Who knows. It's easier to just do the right thing. I do believe in overtime and workers' rights.

I did, in fact, see that email yesterday. That's the one that led me to a website in China that I said I couldn't understand. It's in Chinese. This one here. 13 lines down.

https://www.huangyeso.com/company/14982583.html

But I have a translation now. I'm not sure if your browser can do it, but my Google Chrome can loosely translate it. Not a prefect translation. But it does take me to that Shenyang District, closer to the NVSOS. But it's not the same address.

That top line says "Company name: Beidou Ruipu (Liaoning) Technology Group Co., Ltd."

Then a description of the "company profile" is above that map, which states:

Beidou Ruipu (Liaoning) Technology Group Co., Ltd. is located in Liaoning, located at No. X164, 3rd Floor, No. 96, No. 3, Heping District, Shenyang City, Liaoning Province (Postal Code: 110013). It enjoys an advantageous geographical location, convenient transportation and good economic development atmosphere. Beidou Ruipu (Liaoning) Technology Group Co., Ltd., based on the characteristics of industry operations and risks, with the goal of preventing risks and complying with laws and regulations, has established an internal control management system with control and control, clear implementation of responsibilities, and checks and balances.


The company opened in 2018 with a registered capital of 100 million yuan (units of 10,000 yuan) and the number of employees is around 0~50000.


The main business is (health food production; car beauty services; (the above two branches operating); used car information consultation; new energy technology development; self-employed and agents of all types of goods and technology import and export (but the state limited company Except for goods and technologies that are prohibited or prohibited from importing and exporting; sales of automobiles, coal, metal materials, hardware products, lubricants, chemical products, machinery and equipment, building materials; garden engineering, municipal engineering, building construction engineering, bridge engineering design, construction ;...), in the course of business, we are honest and trustworthy, focusing on win-win development. Strictly control the quality of products and services, and actively provide users with quality products and services. With the principle of high quality and distinctive service and small profits but quick turnover, we have won the trust of our customers. Interested in our products and services, you can leave a message or contact us directly, we will contact you as soon as we receive your information. Contact Li Yuchun, the contact number has not been set yet

We stand on the stage of rapid development and innovation. The creativity will continue to create the first-class brand as always, and advance and retreat with customers and develop together with the market. The company has a sound corporate governance structure, excellent management team, advanced business philosophy, scientific development strategy, good operating mechanism and sound rules and regulations. Strict quality management is the decisive factor for enterprises to survive and grow under the fierce market competition. The company adheres to the business policy of "customer-centered, quality-oriented, long-term mutual benefit", and will serve you with enthusiasm and return customers at the most favorable price.


And that's vague and too broad in scope to tell me anything. That doesn't mean that's what's trying to come through here either. It's just that that same email is listed as an email. It could be an agent. Or, is hot pot a franchise. That LLC in New York a subsidiary? Or one of those other businesses? PFFT, I don't know. But we are getting much closer!! :)

It definitely looks Chinese related. It all looks legit so far, and that's a good thing. Nothing saying scam to me or anything nefarious. Just confusion. Lots of suspects. All roads seem to lead back to China. Even those NY addresses. :)

I would suspect that some things above, like "car beauty services" are not perfect translations. What does that mean? What language is that? LOL

And I'll have to point to other Chinese shell company at LTGJ which is further along, with a much higher market cap. And about as vague as this press release so far, but at least filing and closer. So, market cap comparisons show is very cheap still.