Replies to post #72042 on Exxe Group Inc (AXXA)

[SJVB]

Maybe it's a partnership rather than full ownership? Or maybe Exxe has a citizen on their staff? Just speculating...

[Throwingawaymoney]

Kind of reads as a WOFE which is completely legal

is pleased to announce the implementation of the letter of intent to acquire control of Festivals and Live Events Holding company (“Film Festivals”,“FFH”) with the main wholly owned subsidiary China Mainland Film Festival Company, the marketer and operator of one of mainland China’s largest and most important government-approved film festivals, the European Union Film Festival in China. This acquisition is a part of Exxe Group’s expansion strategy and enables operations in Hong Kong & mainland China under the necessary banner of official cooperation between the European Union and the Chinese government.

[wallstreet1231]

You are incorrect. I am an American and have owned multiple companies in China - one currently in Shanghai. You set them up as a wholly owned foreign enterprise. Referred to as a W.O.F.E. I can go into great detail but basically that is the macro view. Started out in a Hong Kong, then Shenzhen, then Shanghai. At one point employed over 5k employees, the prc does have different guidelines than the roc but both are fairly easy to navigate. All the best.

[Damannn69]

Interesting post... thank you....