Zalemark Holding Co Inc (ZMRK)

[T4KingOff]

ZMRK NEW DD POST:

Basically Hanergy has been suspended since a huge 2015 market crash.

They are buying up their suspended shares on the Hong Kong exchange and want to list in China and elsewhere.

Hong Kong's SEC just approved that they can do a share swap to completely delist from Hong Kong, and give their stranded shareholders shares in the new company.

The new company has yet to be announced, and it looks like China is blocking them. Meanwhile their key executives took positions in ZMRK. Also ZMRK's new CEO is a reverse merger specialist for Chinese companies. CFO is the CFO for Hanergy as well.

This has all occurred in the past few months, the Hong Kong approval was yesterday.

Also of note back in 2015 Hanergy did trade on the OTC under HNGSF which was eventually delisted after a huge crash in share price.

Hanergy does over $2 bil revs a year, and valued over $30 bil. They get massive new contracts every day. They are not broke nor did they delist or get suspended due to financial troubles. Their issue was inflating share price accusations , followed by a huge crash.

So we are talking about a $30 bil company , trying to get listed again, key officers taking positions in ZMRK who is valued under $1 million currently.

It looks to me like they are trying to rewind back to 2015 and be listed on multiple major exchanges.


Links on Hanergy news stories:

https://www.renewablesnow.com/news/hong-kong-regulator-clears-hanergy-thin-film-stock-replacement-plan-644562/

https://www.wsj.com/articles/stranded-investors-in-china-solar-company-get-dubious-exit-offer-11551356831

https://www.breakingviews.com/considered-view/stricken-hanergy-drops-investors-into-black-hole/

https://asia.nikkei.com/Business/Companies/Hanergy-faces-obstacles-to-a-China-stock-listing

From yesterday:

More specifically, the Hong Kong Securities and Futures Commission (SFC) has approved a scheme that gives Hanergy Thin Film Power’s shareholders the chance to trade their stock, on a one-to-one basis, for shares in a new special purpose vehicle (SPV). This new firm will house the businesses under Hanergy Thin Film and could be listed in board A in mainland China.

Hanergy Thin Film, however, warned that the potential listing may not be completed at all. In a bourse filing, the company explained that in such an event independent shareholders “will be holding onto unlisted SPV Shares for which there is no exchange platform for transfers”. It added that because of all the uncertainties surrounding the plan, it cannot attribute any monetary value to the proposal.

PER ZATAFOUR:
ZMRK... Hanergy owns Jinhao Holdings Limited
And Jinhao Holdings owns Golden Panegyric Inc.
And that is why David Xu is the CFO of ZMRK
Cause David Xu is the CFO of Hanergy........