Qiao Xing Mobile Communication Co. Ltd.

Real Gold Mining (0246): more pledges revealed
Company announcement, 23-May-2013
Real Gold claims that the borrower, Huizhou Qiaoxing Telecom Industry Co, Ltd, is 90% owned by an "independent third party" and only 5.15% by Mr Wu Ruilin, Real Gold's substantial shareholder. But Qiaoxing Telecom was Mr Wu's original corded phone maker back in 1992 and was once owned by his US-listed firm, Qiao Xing Universal Resources Inc, which was deregistered by the SEC in 2012. Qiao Xing Telecom was sold to Dragon Fu Investment Ltd, purportedly an independent third party, on 30-Nov-2009. The announcement doesn't mention whether Wu Hong You is related to Wu Ruilin.
Qiao Xing Universal Resources (XING) investigates funds transfer to Wu Ruilin
Company announcement, 20-Apr-2012
Real Gold, XING, QXM and Prod-Art
What has Wu Ruilin, the controlling shareholder of Real Gold Mining, been up to? We take you through the latest shenanigans, worry about his overseas listings, and take a look at his past history in the HK market, which dates back to 1998. (20-Jun-2011)

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