My Name is Chin ****, President of Chin H.K. Ltd in Hong Kong.
Recently we were contacted, through our US agent, by York Street Properties. After accumulating a tremendous amount of documents from this company and reviewing their website it was decided that we would look into investment possibilities further. We have surplus cash, excellent credit sources and a desire to invest in the Dallas area.
We asked York Street Properties many questions about the health of their company, corporate headquarters, accounts payable position, legal position and particularly required written references from financial institutions, vendors, past investors, tenants and others. We planned to start slow, but quickly invest large amounts to obtain holdings and passive income.
Every document was scrutinized and investigated by out team in HK and in the US. What we found was the documents were prepared to look real but were false, references were of no help and did not tell the real story. Our investigators are very good - they contacted numerous individuals that have done business with York Street Properties, government agencies, news agencies and local investigators.
At last we have the truth. This company exists as a fraction of what they claim. We wasted a LOT of money to get at the truth - indeed, we may have invested had we understood the truth and discovered York Street Properties was trying to reconcile its position as a business with past lenders, investors, vendors, etc. However, they denied every negative we found and confirmed.
I doubt that others have the intense due diligence programs that we do. I'm certain this came as a surprise to York Street Properties also.
We appreciate all of the verbal and written comments that we were given and read. This has helped us to avert doing business with a very undesirable company.
For those thinking about doing business with York Street Properties, investigate first.
For those that have done business with York Street Properties, file a lawsuit. We may not have had to research so deeply if there were court records. If it will not help you, perhaps it will help others.
We are a socially responsible firm. Normally I would not write a letter of thanks like this. However, this company so lacks business ethics (from our perspective) it was our responsibility to a community we will become more involved with in future.