Big Brother
5 años hace
Doesn't really have anything to do with 'red flags', the merging company is legit from my research.
This is more about World Financial Holding Group and their big ole F U to the existing shareholders with a 1000:1 r/s, when 10:1 would have been perfectly adequate.
That's what these guys do though, a r/s was always a consideration, 1000:1 I really didn't see that coming though.
Buyer beware if your in BEES, that's another one of theirs, very good chance you could get wiped out there as well.
Big Brother
5 años hace
I agree with you, it does look to me as though Snow Valley Group will be acquired at some point, but she does control a number of other assets/companies, as well, so I don't want to say 100% for sure until we see the filings.
I know she has KeMiao Clothing(China), and that would appear to have several branches, or subs, she also has Tanfang Clothing(Shanghai) or Beachfang Clothing, depending on the translation, then of course Snow Valley Group, and it has at least 5 subs as well. They are all interconnected, but it's just not clear how exactly, beyond all being controlled by Yufang Zhu.
On the agricultural side, I'm not seeing the connection to the website you posted, SnowValley Agricultural Development Co, beyond the name 'Snow Valley', did you connect that company to Yufang Zhu somehow..??
As far as I know, her agricultural company does not have a website, or I have yet to find one, I believe the name is Jiangxi KeMiao Agricultural Development Co.
Mistadobalina
5 años hace
Im pretty sure it is Snow Valley Group. Here's why:
first im going to requote this from the most recent filing so people dont miss it:
Kemiao Garment Holding Group is a company that uses innovative proprietary products and technology to promote agriculture and fashion. In addition we have expanded our business plan to include acquisition of evolving opportunities in these industries. In summary, Kemiao Garment Holding Group is focused on making strategic investments and providing consumer products the fashion and agriculture industries.
Fashion: https://www.yufangzhuapparel.com/pages/About-Us-11465679.html
"Snow Valley Group, founded in May 1989, is located in Wenzhou, a commercial city in Zhejiang Province, China. The Industrial Park factory has an area of 15000 square meters.
With more than 520 employees including fashion designers, technical personnel, operating experts, market researchers, professional international sales team, and middle and senior level management staff, the company has always been successful to stand ahead of its competitors.
In strict compliance with the International ISO90002 Quality Assurance System, it exceeds an operating annual production of more than 200,000 suits. It has cooperation with many well-known domestic enterprises, such as HLA and New Balance, which possess attributes equivalent to any premier international brands. The company has more than 20 years of experience in the sector of clothing & apparels. With its excellent and perfect workmanship, the company has always satisfied the customers from all over the globe."
Agriculture: https://www.globalgap.org/de/profiles/Development-Co.-Ltd/
SnowValley Agricultural Development co., Ltd was established on January 15th 2007, with a registered capital of RMB 75.94 million. SnowValley Agricultural is the professional potato industry group with potato seed as the core, and a business scope that covers potato new variety breeding, storing, potato process, and sales, its marketing network is spread all over China. The group provides cooperative farmers virus-free seed potato, planting scheme, agricultural financing service, and potato sales.
SnowValley Agricultural promotes new varieties of potato to different regions, forming a high-tech agricultural industry platform, which combines potatoes new variety breeding, variety and IP (Intellectual Property) commercialization, agricultural data management, and financing service.
The group owns 4 seed subsidiaries, 4 planting subsidiaries, 11 large mechanized farms; a Sino-Dutch joint venture potato frozen food processing subsidiaries, a convenience community fresh chain company; a potato industry technology Research Institute, a provincial enterprise technology center, an agricultural machinery subsidiary, and a subsidiary of providing benefiting services to farmers.
SnowValley Agriculture established 10,667 hectares of high standard detoxification seed potato breeding base in high quality potato core producing area. Completed 130,000 tons intelligent constant storages group, 50,000 square meter biotechnology intelligent greenhouse, annual production of minituber breeder’s seed reach 50 million grains, each grade of seed potatoes 150,000 tons.
Big Brother
5 años hace
I've done a fair bit of research into this now, this is what I speculate is happening based on my DD......of course I could be wrong so do your own DD as well.
YanPing Sheng is the Chairman of The Board for World Financial Holding Group, WFHG acquires US OTC shells to be used in RM's with Asian companies wanting to go public in the US. They have done a couple already(DFHL, BYIN) and are working on a few others(BEES, KRFG, MNGG).
Per the latest filings, as of right now KEMIAO GARMENT HOLDING GROUP(AIVI) is basically an empty shell, however......it was recently taken over by Ms Yufang Zhu, and she now controls 36M shares of AIVI(57.586%)
Yufang Zhu is the chairman and founder of KeMiao Clothing Holdings Group(CHINA), as well as Snow Valley Group(CHINA). This part is a bit unclear because all the DD is in Chinese and has to be run though translators, but based on the DD, would appear that KeMiao(CHINA) is dba as Snow Valley Group, or possibly a subsidiary of Snow Valley. They are VERY closely related, but just not 100% sure how yet.
At the signing ceremony, of going public in the US, they appear to use KeMiao(Snow Valley Group) interchangeably.
http://www.worldfh.com/infoshow.html?article_id=2431
So based on this article, and the info in the recent filings:
Kemiao Garment Holding Group is a company that uses innovative proprietary products and technology to promote agriculture and fashion. In addition we have expanded our business plan to include acquisition of evolving opportunities in these industries. In summary, Kemiao Garment Holding Group is focused on making strategic investments and providing consumer products the fashion and agriculture industries.
If you put 2+2 together, it would appear that these 'acquisition opportunities' mentioned the 10-12G will almost certainly include KeMiao Clothing Holdings Group(CHINA), and/or Snow Valley Group(CHINA).
http://www.xuegu.com.cn/
https://www.yufangzhuapparel.com
The companies are pretty substantial, 500+ employees, multiple subsidiaries, millions in revenue, I won't even begin to post all the DD on these, because there is a TON of it out there, but they look quite solid to me.