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Saturday, April 30, 2022 7:37:09 AM

Re: trader59 post# 66345

Post# of 66359
I've looked into it a bit, from what I can tell I believe its a 'real' company, IMO I don't think its the logistics company, instead I think its one that translates as Henan 'Hong Yuan' Culture Development Co., Ltd.

You can see the translated address is pretty similar to the 10K filing, additionally, it has Li Xudong as the majority shareholder of it, holding 78%.


I have not really spent that much time on it, so I don't see a lot at first glance, however, it has a 60M yuan registered capital, that is generally what the business was worth at the time of incorporation, that number does not change it could be bigger now.....or not....but that's pretty decent.

A lot of Chinese companies go public here have more like 10M yuan registered capital, though I personally prefer to see 100M-200M, those companies tend to be a little more substantial from my experience.

Whatever the case, Chinese companies have a tendency to throw curveballs at you, when you think you have figured out the merging company.....lol.....so I could certainly be wrong, this is just my opinion based on the limited info.
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