Watch List notes:

Shanghai Wing On Mint Factory Company Limited, share receipt and agreement for 10 units, dated 20th November 1940, certificate number 734, capital of 200,000 yuan divided into 4,000 shares, dijon underprint, mulberry guilloche borders. Yan Zi Bai, one of the directors of the company was an famous entrepreneur, and an influential socialite in republican era China's finance, commerce and industrial sectors. In particular, he was at the forefront of modern China's textile industry as the founder and board of directors of several mills. Extremely fine, paper still crisp, minor stains, with the original envelop.

Estimate: 2000 - 5000