MLON: Below is the reply from my business partner in China. He is an international attorney and has lived in ShenZhen for the past 5 years and has 5 Chinese lawyers on his staff.
If someone can get a Mellon contact name in China I will have him do more DD there.
Willhub
Hi Bill,
If they have a virtual office in China, they are most likely not a legitimate company here. There are no virtual offices here in China as they are not allowed under Chinese law as a business address . Short term business offices are used by travelling businessmen for doing deals on a day to day, or week to week business. But if somebody is telling you they have an entity in China, and are giving you a 'virtual office' as an address, then it's pretty sure that they are not really here.
We can call the office and see if there is a real person that answers the phone. Does Wall St Securities list a contact name in China that we should ask for when we call?
Also, if they note that they are a company in China, have them send us their "Business Registration Certificate" in China, and we can do a quick translation for you. If they do not have a 'business registration certificate' they are not registered here and thus do not exist here. Let's see if they will fax their corporate docs to us...?
Thanks,
"Life is tough. It's tougher if you're stupid." - John Wayne
