I think you're only partly right. IMO, Kenneth Yeung purchased Motor Sports, almost as a way so that he could have a company that could be publicly traded and get funding for some of the projects he was trying to do. Those projects seemed to not have worked out for whatever reason, but back before INBG was a publicly traded company, it does look like they did do something. Just IMO. However, as time went on, by the looks of it, Kenneth Yeung was trying to acquire other companies, one of which was a machinery company that would than be the producer of his panels. The machinery company was found to have a lot more assets than was first reported and the price tag became too much, on top of that the machinery company also used the money Mr. Yueng gave to them in a way that was against the terms of agreement. So that deal fell thru.
Now comes this time around. According to what I believe and it's all just opinion, but FHH-Sino is real, and are looking to go public. Mr. Yeung is not trying to acquire them, instead completing a reverse merger and looking for a way out and get a good dollar for doing so.
Some have said he's a scammer, but IMO, he is not like other penny companies at all. He's fully reported ontime, except for filing for a late 10Q once. He is also nothing like Anthony Welch who "owns" many companies that get diluted and go to zero bid.
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