ChuanBao website changed legal entities CEO that filed for bankruptcy to escape responsibility

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Although the group Po, CEO Ren Chunlei repeatedly said he will never give up. And for the external expression, the good news is “financing has already come back”, but it still did not dismiss employees and the suspect of customers concerns to business. Recently, Ren Chunlei change the legal entities, and the rumor is he opened another company has spread to the networks.

Beijing Aveda Republican advertising media Co., Ltd. registered in January 2, 2004, operating period is to January 1, 2024, the registered capital money is 1555.6333 million, and state enterprises are still open for the group treasure network service of the main operating company.

Group Bao E-Commerce Co., Ltd. registered in August 12, 2011, operating period is to August 11, 2031, the registered capital money is 50 million, the state enterprise is opening.

However, those who are worried that rumor is Republicans and groups Aveda Bao, with registered business address in the Haidian District, Beijing Albatron Mantingfangyuan contemporary, Building 9, District 17 layers, but Aveda Republic the type of business investment or a natural person holding a limited liability company, the corporation company Bao is the type of business as a foreign corporation wholly owned limited liability company.

Sinopharm also micro e-commerce project manager Luzhen Wang Bo said, “I heard the original group Po network changes legal, and then filed for bankruptcy to protect the new group Po network, if this information is confirmed , suggested that the domestic VC far away from Ren Chunlei, the founder of the company has no faith ,accidentally VC should be careful. ”

However, group marketing manager Zhangjin Hao Po network in the micro-Bo said, Bao was running group, because the previous group of corporate treasure belongs to someone else, later the company was changed to Ren Chunlei, so that the final result is that company has two subsidiaries, both two legal entities.

Group Po network was completed in April 2010, $ 2.2 million A round financing; and completed in December 2010 Series B 2-3 billion RMB financing.

jerri lily a professianl writer from diamond-sawblade.com, it provides the high quality products, such as Metal Cutting Saw Blade Manufacturer, China Aluminum Cutting Circular Saw Blade, and many more.

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MLA Style Citation:
Lily, Jerri "ChuanBao website changed legal entities CEO that filed for bankruptcy to escape responsibility." ChuanBao website changed legal entities CEO that filed for bankruptcy to escape responsibility. 9 Feb. 2012. uberarticles.com. 9 Apr 2012 <http://uberarticles.com/finance/chuanbao-website-changed-legal-entities-ceo-that-filed-for-bankruptcy-to-escape-responsibility/>.

APA Style Citation:
Lily, J (2012, February 9). ChuanBao website changed legal entities CEO that filed for bankruptcy to escape responsibility. Retrieved April 9, 2012, from http://uberarticles.com/finance/chuanbao-website-changed-legal-entities-ceo-that-filed-for-bankruptcy-to-escape-responsibility/

Chicago Style Citation:
Lily, Jerri "ChuanBao website changed legal entities CEO that filed for bankruptcy to escape responsibility" uberarticles.com. http://uberarticles.com/finance/chuanbao-website-changed-legal-entities-ceo-that-filed-for-bankruptcy-to-escape-responsibility/

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