Replies to post #186313 on JB and ZJMY Holding Co (JBZY)

[November61]

Yes indeed, I was selling my shares taking advantage of such great honey to attract newbies into the scam.

Was able as well to multiply by 10 my original number of shares.

I just can't type a lie and sell my shares at the same time.

As of today, as a shareholder, I can say JBZY is a real piece of crap.
Very disappointing investment.

[mr green239]

ZJMY who?

Keep in mind:
"Upon the filing of these Articles the assets and liabilities of JB&ZJMY Co., Ltd. (CHINA) will become assets and liabilities of JB&ZJMY Holding Company, Inc. (WYOMING)"

Any Chinese company with corporate (or natural persons) foreign investment must comply with government regulations in making the business registration type change.
The new registration type of the entity JBZY acquired 100% of would be type: 'Limited Liability Company (Wholly Foreign Owned Enterprise)'. If it wasn't 100% acquisition - the type would be 'Limited Liability Company (Foreign-Funded Corporation)'.
The Wyoming business entity would then appear as the 100% shareholder for the Chinese registration.

No Jinbo companies are foreign investments! JB&ZJMY Holding Company (Wyoming) is not shareholder!

ZJMY is of type: 'Limited Liability Company (Natural person investment or holding)'.


Articles on Wholly Foreign Owned Enterprises:
http://english.mofcom.gov.cn/aarticle/lawsdata/chineselaw/200411/20041100311068.html
https://ins-globalconsulting.com/ultimate-wfoe-guide-how-to-set-up-a-wfoe-wofe/
http://www.pathtochina.com/reg_wfoe.htm
https://www.set-up-company.com/the-ultimate-guide-for-china-wfoe-formation-in-2018.html

Articles on investing in China:
http://www.klgates.com/what-are-your-companys-new-disclosure-obligations-in-china--potential-anti-corruption-compliance-implications-04-13-2015/
https://www.chinacheckup.com/blogs/articles/company-registration-in-china
https://www.lehmanbrown.com/insights-newsletter/establishing-company-china/