Integrated Cannabis Solutions Inc (IGPK)

[casper6]

It appears Jun Fenghuang is still "controlled " by state but is a mute point as far as all info found on china business profiles is concerned.
And if so, probably makes it less likely to be here, probably. Regardless, All public information is attached to company profiles in china.
And the press release below is now outdated because Guizhou Zhongxi Energy Co., Ltd. EXITED as shown on the business profile!

Why is Jun Fenghuang controlled by the state?

Mixed reform of state-owned enterprises. Jun Fenghuang is 100% controlled by Guizhou Zhongxi Energy Co., Ltd., changed from a natural person holding to a sole proprietorship of a legal person controlled by a non-natural person, and completed the mixed reform of state-owned enterprises, and the actual controller is the State Council, which is controlled by the state. Dongguan Junfenghuang E-commerce Co., Ltd., founded in 2019 and located in Dongguan City, Guangdong Province, is an enterprise mainly engaged in the wholesale industry, general projects: Internet sales (except for the sale of goods requiring licenses), daily necessities sales, cosmetics retail, packaging materials and products sales, rubber products sales, plastic products sales, machinery and equipment sales, building materials sales, hardware products retail, knitted textiles sales, leather sales, jewelry retail, arts and crafts and ceremonial supplies sales (except ivory and its products), office supplies sales, etc?
https://zhidao.baidu.com/question/2276835220366757948.html?fr=search&word=%E4%B8%9C%E8%8E%9E%E5%B8%82%E5%90%9B%E5%87%A4%E7%85%8C%E7%94%B5%E5%AD%90%E5%95%86%E5%8A%A1%E6%9C%89%E9%99%90%E8%B4%A3%E4%BB%BB%E5%85%AC%E5%8F%B8
---------------------------------------------------------------------------------\
Why is Jun Fenghuang controlled by the state?
share report
1 answer
Workplace mentor Ye Yang
User ratings
4.5 points
Number of people helped
2806 people
concern
Consultation Records · Answered on 2023-06-13
Why is Jun Fenghuang controlled by the state?
Hello friends, the reasons why Jun Fenghuang is controlled by the state are as follows: At the beginning of November 2019, the China Securities Regulatory Commission issued the "Announcement on the Investigation of 22 Unlisted Public Companies including Chongqing Jun Fenghuang Group Co., Ltd.", and launched an investigation into 22 companies including Jun Fenghuang Group. Since then, Jun Fenghuang began to face the risk of liquidation, and some creditors began to take compulsory measures such as litigation against Jun Fenghuang. In February 2020, the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China announced that it would acquire a 51% stake in the controlling shareholder of Jun Fenghuang by way of public listing and become the controlling shareholder of Jun Fenghuang to protect the legitimate rights and interests of creditors and employees. This means that Jun Fenghuang has become a state-owned enterprise. Jun Fenghuang's equity changes have a certain impact on other companies and investors in the industry.

https://zhidao.baidu.com/question/274061392504776245.html?qbl=relate_question_1&word=%E4%B8%9C%E8%8E%9E%E5%B8%82%E5%90%9B%E5%87%A4%E7%85%8C%E7%94%B5%E5%AD%90%E5%95%86%E5%8A%A1%E6%9C%89%E9%99%90%E8%B4%A3%E4%BB%BB%E5%85%AC%E5%8F%B8
------------------------------------------------------------------
Jun Fenghuang's latest news: state-owned enterprises hold 100%
The fourth meeting of the leading group for the reform of state-owned enterprises under the State Council proposed that state-owned enterprises and private enterprises should cooperate with each other to promote mergers and acquisitions and strategic combinations. State-owned enterprises (SOEs) and private enterprises are indispensable to China's economic development, and the strategic combination of the two can enable them to leverage each other to achieve high-quality development.

Recently, Dongguan Junfenghuang E-commerce Co., Ltd. and Guizhou Zhongxi Energy Co., Ltd. (state-owned enterprises) reached a strategic cooperation, Dongguan Junfenghuang E-commerce Co., Ltd. by Guizhou Zhongxi Energy Co., Ltd. 100% holding, from a natural person holding to a non-natural person holding sole proprietorship of a legal person, becoming a member of the central enterprise State Power Company.

Guizhou Zhongxi Energy Co., Ltd. is a state-owned enterprise and is 100% controlled by the State Power Corporation. Guizhou Zhongxi Energy Co., Ltd. was established in 2022 and is located in Guiyang City, Guizhou Province, with a registered capital of 28.8 million yuan. Guizhou Zhongxi Energy Co., Ltd. has invested in a total of 6 enterprises, and its business scope includes general projects: research and development of emerging energy technologies; oil and gas technical services; landscaping engineering construction; sales of chemical products (excluding licensed chemical products); sales of metal materials; metal ore sales; sales of building materials; retail of electronic components; supply chain management services; sales of special chemical products (excluding hazardous chemicals); housing rentals; non-residential real estate leases; Energy conservation management services (in addition to the licensing business, can independently operate projects that are not prohibited or restricted by laws and regulations in accordance with the law) Licensed projects: geological disaster control engineering construction; construction of cultural relics protection projects; construction of construction projects; installation, maintenance and testing of power transmission, power supply and receiving power facilities; installation and maintenance of gas burning appliances; electrical installation services; construction labor subcontracting; Construction professional operations (projects subject to approval in accordance with the law can only be carried out after approval by relevant departments)

Dongguan Junfenghuang E-commerce Co., Ltd. was registered and established on March 28, 2019 in Room 202, Building 1, No. 248, Beihuan Road, Houjie Town, Dongguan City, Guangdong Province, with a registered capital of 30 million yuan and a paid-in capital of 30 million yuan.

Dongguan Junfenghuang E-commerce Co., Ltd. is a new era of Chinese characteristics led by scientific and technological innovation, model innovation, platform innovation, is established in the national advocacy of mass entrepreneurship, innovation, sharing economy, sharing economy, domestic circulation of the legal registration of e-commerce companies, is a help to promote rural revitalization as its own responsibility, set innovation, sharing economy, consumption, sales, entrepreneurship as one of the online and offline sharing platform.

Jun Fenghuang platform abbreviation: Jun Fenghuang, APP name: Jun Fenghuang,

Jun Fenghuang APP platform business categories are

Online and offline e-commerce platforms, through online and offline sales of goods or services, there are platform self-operated goods, merchants settled in goods, and third-party docking cooperation. There are precise drainage functions, group purchase functions, time-limited seckill functions, points mall functions, nearby business district functions, revitalization of the three rural areas, ticketing, life recharge and payment, hotel tourism, knowledge and friendship interaction, culture and art education, film and television production, video live broadcast, etc.

After Dongguan Junfenghuang E-commerce Co., Ltd. and Guizhou Zhongxi Energy Co., Ltd. (state-owned enterprise) reached a strategic cooperation, the two sides will carry out e-commerce supply chain cooperation based on the principle of "resource sharing, complementary advantages, mutual benefit and win-win cooperation", serve China's real industry, and work together to build a trillion-level shared e-commerce industry. Dongguan Junfenghuang E-commerce Co., Ltd. relies on the strong resources of its controlling shareholder, Guizhou Zhongxi Energy Co., Ltd., to improve the efficiency of resource allocation and overall strength, further give full play to the advantages of Junfenghuang's e-commerce platform, and lead the development of the shared e-commerce industry.

(Source: New Sight)
Jun Fenghuang's latest news: state-owned enterprises hold 100%
https://news.sina.com.cn/sx/2022-12-20/detail-imxxiaza0817054.shtml