Saturday, June 08, 2019 12:32:18 PM
YanPing Sheng is the Chairman of The Board for World Financial Holding Group, WFHG acquires US OTC shells to be used in RM's with Asian companies wanting to go public in the US. They have done a couple already(DFHL, BYIN) and are working on a few others(KRFG, MNGG).
BEES will be used in an RM with Every Family Have Company LLC aka (Jiajia Co., Ltd) a Taiwanese FinTech/Crypto/Blockchain company, founded in 2013 with a registered capital of 129M yuan(about $18.6M USD).
http://www.efamily.com.tw/
https://freego.tw
https://freecoin.com.tw/?fbclid=IwAR24Yqw1uv1wlf0K_bd0CSlFSFtUezcrjpvBQKirhn1IjFLSppvtk90MOhI
https://www.104.com.tw/jobbank/custjob/index.php?r=cust&j=4c3e466f383a426b34363e673c423a1d02d2d2d28464a462644j99
https://markets.businessinsider.com/news/stocks/freecoin-bass-platform-by-e-f-h-co-ltd-integrates-8-major-industries-with-blockchain-to-create-billions-of-business-growth-and-opportunities-1027823409
Post merger or acquisition the CEO should end up being Chen Junqin (Nando), you can see in this article he talks about going public in the US.
https://www.managertoday.com.tw/trendtalk/view/49527
Overall, I think this potential merging company looks good and interesting, biggest question for me at this point, is what the capitalization is going to be post RM/acquisition. If you look at the previous mergers that WFHG did (DFHL(99K o/s), BYIN (260K o/s) they have extremely low outstanding shares, to the point of almost being untradable. This doesn't need a r/s...but...for whatever reason they seem to like very, very low o/s, once they do complete their RM's, so it's a bit of a risk IMO.
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