Capital, Earnings & M&A
Invest 500,000 to Become a Salt Wholesale Distributor?
A salt merchant in Yancheng, Yu Zhiyong (pseudonym), signed a contract with China Salt Haolong Salt Chemical Co., Ltd. (China Salt Haolong) to wholesale salt, paying 500,000 yuan. However, without a salt wholesale license, he was told he could only retail, not wholesale. He wanted a refund but was refused. The salt bureau and a lawyer explain the legal issues.
陶展 现代快报