RE:RE:RE:my assesment of the IPO
Yeah,
that prospectus is a gold mine of informations :) :) :)
So, the mine is basically Kong's family sandbox !!!
And we, little MJS shareholders (1$ to $200,000 stake ) are ...hoping ants. ;)
"As at the Latest Practicable Date, Dahedong was owned as to 50% by Mr. Kong Fanbo, and the remaining equity
interests held in equal share of approximately 16.67% by each of (i) Mr. Kong Fanzhong; (ii) Mr. Wang Lei; and
(iii) SDZJ. Mr. Kong Fanbo and Mr. Kong Fanzhong are brothers and Mr. Wang Lei is their brother-in-law."
"PROPERTIES LEASED FROM DAHEDONG
The land on which our Songjiagou Open-Pit Mine is located, and the land and building for our ore
processing plant are leased from Dahedong. Dahedong is a minority shareholder of our 75%-owned
subsidiary, Yantai Zhongjia, which held 25% of the entire equity interest in Yantai Zhongjia, and is a
connected person.
TOCKY8008