There is an article out from a Chinese news site about the activities of Xu Jie (known in the U.S. as Dr. Kit Tsui). The guy who runs/ran China Finance (CHFI) and who was/is involved with several reverse mergers. Mentioned by name are JADA, ONP, UTA, HSYT, BFAR, CNOA, CHCG.
As I can't read Chinese, I used a translator - maybe someone who can read the original can summarize if there is anything new in there.
The article talks about Kit Tsui "manufacturing financial data", "creating illusion", I copy a bit in here.
CHFI earliest members of the Board, including Xu Zhongnan, Fang Xuemei, Wang Zhongping, Xu Zu red, Fang Xuemei, Wang Zhongping, and Xu Zu-hong during the middle are 10 000 Dresser, Xu also serves as member of the board of supervisors for many years, Shenzhen Huayin. ?2004?11?,?????CHFI??,?????(Yu Guoqiong?Ann Yu)?????????China US Bridge Capital??,??????CHFI?CEO? In November 2004, Xu Zhiyong White CHFI shareholders, since Yu Guoqiong (Yu Guoqiong or Ann Yu) for its offshore holding companies entered China US Bridge Capital, after longtime CHFI's CEO.
????????,China US Bridge Capital?CHFI????????????? Our reporters also found that, China US Bridge Capital and CHFI, Shenzhen Huayin site very similar. ??,?????China US Strategy Capital Group?????????????????????????? In addition, another called China US Strategy Capital Group of companies with the main customers, addresses, communications and other information on the high degree of similarity.
???,?????CHFI?????????,?????????,????????????? In fact, Shenzhen Huayin and CHFI transactions are not directly involved in shell, shell Xu team all transactions, almost all through the offshore company to complete. ?Value Global;Top Interest? If Value Global; Top Interest.
???????????????ONP,??2007??????Max Time Enterprise LTD(MTE)??????Carz,Inc,??????????????????? Had misrepresented its financial exposure due to the problematic company ONP, is an offshore company in 2007 by Max Time Enterprise LTD (MTE) to buy its original shell Carz, Inc, to sell to China, Baoding Orient Paper Company Limited.
??,?????????MTE????My Quote Zone/Inc???,??China 9D Construction Group(CNAG)??? In addition, a construction company in Hangzhou bought from the MTE My Quote Zone / Inc's shares, changed its name to China 9D Construction Group (CNAG) listed. China Finance????3.63%?CNAG??? China Finance The resulting 3.63% of CNAG stake.
MTE ????Jade Art Group Inc.(??????????)?Biopharm Asia Inc.(??????)?Sino-Bon Entertainment Inc.(???Sunnyside Acres Mobile Estates);Home System Group(??????)????????????? MTE also the name of Jade Art Group Inc. (She too Jade Group Co., Ltd.), Biopharm Asia Inc. (Asia biopharm), Sino-Bon Entertainment Inc. (Who called Sunnyside Acres Mobile Estates); Home System Group ( Home System Group), also listed a similar way by the success.
??????????,????????,?????????,??????????? Some of these shares, after rising in a short period, there are many remained at low levels, they will also face more questions. “?????????????????????,?????????”?????? "Xu Jie also through offshore companies created some false results expected to sell to institutional investors." A U.S. private equity ?? Fund ?????????? Official told this reporter.
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