Shonghoya Intl. Group Inc. (SNHO)

[Big Brother]

No problem, FWIW this does not look too bad to me at all. Most of the issued shares were Preferred stock, there were only 25M commons issued, so they did not completely butcher the share structure like so many other Chinese RM's.

The merging company has a registered capital of RMB150M($21M USD), so that was their initial startup money, then last month they received an additional RMB 50M($7M USD) Series A funding. Most Chinese co's that go public in the US have like a 10M yuan registered capital, so less than $2M USD, which is pretty much nothing but a complete startup.

https://baijiahao.baidu.com/s?id=1844176858240332428&wfr=spider&for=pc

Also, it looks like they may be going the SEC filing route vs just OTC Markets reporting, which is also a huge positive IMO. They may file with OTCM just to get back to OTC ID, hard to say just yet.

Overall not too bad, especially considering the share structure is still pretty pristine.