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by Stockwatch Business Reporter

The TSX Venture Exchange lost 3.18 points to 836.27 Friday, ending the week down 7.65 points. Bill Ye has filed a preliminary prospectus to list his first capital pool shell, Hope Well Capital Corp. The shell is selling a $450,000 to $1.25-million initial public offering of 2.25 million to 6.25 million shares at 20 cents. Its IPO agent is Mackie Research Capital Corp.

Last month, Hope Well sold 1,475,000 escrowed shares at 10 cents. Mr. Ye, 46, bought 375,000 of them. Mr. Ye has not been a director of a public company before. From 2006 to 2011, he was the chief executive officer of a private telecommunications equipment company in China called Hangzhou SeePad Communications Equipment Co. Ltd. In June, 2011, he founded an investment firm in Toronto called Nine Fortune Assets Co. Then in June, 2016, he founded another investment firm in Toronto, VVinv Inc. Now, he has formed a shell, with directors who have various business connections in China, which suggests that Hope Well might be used to launch a Chinese business in Canada.

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