Don’t Invest in Longwei Petroleum Investment Hold Ltd (LPH)
Longwei is purportedly occupied with the wholesale conveyance of completed petroleum items in the People’s Republic of China (the “PRC”). LPH’s home office are situated in Taiyuan, Shanxi Province, adjoining and ignoring its Taiyuan fuel storeroom. LPH has a reported fuel stockpiling limit of 220,000 metric tons situated at three storerooms inside Shanxi: Taiyuan, Gujiao and Huajie, which it claims have singular stockpiling limits of roughly 50,000 metric tons (“mt”), 70,000mt, and 100,000mt, separately.
Lamentably for proprietors of LPH stock, analysts have discovered that the organization’s indicated business operations are hugely