[]2016-12-26] OKCoin CEO to acquire NEEQ company for ¥7.5 million

[hl5460]

On 20th Dec, Huazhenglia (NEEQ:833166) announced that 54.66% shares of the company will be purchased by Star Xu at the cost of 7.5155 million yuan (1.08 million USD). Upon completion of the acquisition, Star Xu will become the dominant shareholder and the actual controller of the Company.

http://news.8btc.com/okcoin-ceo-to-acquire-neeq-company-for-%C2%A57-5-million

[moonpie45]

This was a purchase by Starr, not by OkCoin itself, and according to that article, Starr owns a decent number of various companies throughout the world.

Details of what exactly Huazhenglian (NEEQ) does are scarce, both in the article, and using GSRs, although it might be some kind of identification(?) company.

[hl5460]

This was a purchase by Starr, not by OkCoin itself, and according to that article, Starr owns a decent number of various companies throughout the world.

Details of what exactly Huazhenglian (NEEQ) does are scarce, both in the article, and using GSRs, although it might be some kind of identification(?) company.

Huazhenglian is a shell company.

[moonpie45]

This was a purchase by Starr, not by OkCoin itself, and according to that article, Starr owns a decent number of various companies throughout the world.

Details of what exactly Huazhenglian (NEEQ) does are scarce, both in the article, and using GSRs, although it might be some kind of identification(?) company.

Huazhenglian is a shell company.

A shell company for.....

[hl5460]

This was a purchase by Starr, not by OkCoin itself, and according to that article, Starr owns a decent number of various companies throughout the world.

Details of what exactly Huazhenglian (NEEQ) does are scarce, both in the article, and using GSRs, although it might be some kind of identification(?) company.

Huazhenglian is a shell company.

A shell company for.....

for going public. More transparency could be expected.