|RNS Number : 5190Y
China Gateway International PLC
04 September 2009
China Gateway International Plc
("CGI" or "the Company")
Visit of Chinese delegation & 'In principle' agreement to purchase land
China Gateway International (CGI), the AIM listed property company,
announces that it has hosted a delegation from the Chinese Peoples Association
for Friendship with Foreign Countries, including the Honorary President of the
China Friendship Foundation, Madam Li Xiaolin, the daughter of the former
President of China Li Xiannian. Also in the delegation were Mr Yao Mingyu, the
Vice Chairman and Secretary General of the Chinese People's Association for
Friendship with Foreign Countries, and Mr Lu Changhe from the China National
Culture and Art Company. The delegates were also accompanied by Mr Hu Yuandong,
the Head of the United Nations Industrial Development Organisation (UNIDO)
Investment Technology Promotions Office (ITPO), Beijing.
The purpose of the visit was to show the delegation the Company's property
at Manston and explain the concept of the China Euro Cultural Industry Hub
The CECIH project plans to attract up to 300 businesses & commercial
organisations from China to a purpose built 'Hub' at Manston Business Park. This
would be the first of the 'China Gateway' buildings to be constructed.
The Company also announces that an 'in principle' agreement has been reached
with East Kent Opportunities (a joint venture between Kent County Council &
Thanet District Council) for the purchase of a further 5.5 acres of land
(subject to contract) at Manston Business Park, adjacent to the Company's
existing land holding.
A further announcement will be made if a Contract to Purchase is entered into.|
|Time to move to our new ticker CGA and leave this baby to rest. If someone can kick of a new message group we will restart from where we left of. The Baron is now signing out and moving on.|
|Here we go .The start of greater highs now will appear. This is some great company who when times are hard are proving that doing nothing will leave you far behind. Now with this latest announcement they will move forward and become an institutional success which is good to see in these uncertain times.|
|Look out for some large movements this week when company changes the name to China gateway. Spread is wide but worth a wager|
|baron, you are right there, me too not a ramper, but when the memorandum of understanding becomes a solid financial investment by the chinese, this share is going at some stage to become very active and is not often easy to get hold of.|
|The recent information supplied by the company does show a lot occuring and this could prove to be finacially very interesting. Dont want to be seen as ramping up this Co but check out the website for yourself.l have and was pleasentley surprised.|
|Notice of EGM
RNS Number : 6785T
Commercial Group Properties PLC
10 June 2009
For immediate release 10 June 2009
Commercial Group Properties PLC
("Commercial Group", "CGP" or "the Company")
Notice of Extraordinary General Meeting ("EGM")
Change of Name
The Company has posted a Notice of EGM at which a Special Resolution will be put to Shareholders that the name of the Company be changed to China Gateway International plc with effect from 26 June 2009.
The EGM will be held at the offices of Chromex Mining, 36 Dover Street, London W1S 4NH on Thursday 25 June 2009 at 11.15.|
|Commercial Group Properties PLC
("Commercial Group", "CGP" or "the Company")
The Company was informed on 1 June 2009 that Julie Wing, a director of the Company, had on 1 June 2009 acquired 50,000 ordinary shares in the Company at nil consideration. As a result, Julie Wing's holding in the Company is 50,000 ordinary shares representing 0.238% of the Company's issued share capital and voting rights.
The Company was also informed today that Blenheim Limited, a company which holds shares on a discretionary trust for a class of beneficiaries which includes Chris Seymour-Prosser, a director of the Company, had on 1 June 2009 disposed of 50,000 ordinary shares for nil consideration to Julie Wing. As a result, Chris Seymour-Prosser is interested in a total of 7,561,761 ordinary shares, representing 36.01% of the Company's issued share capital and voting rights.
For further information, please contact:|
|From the Telegraph
Chinese manufacturing expands in May
China's manufacturing expanded in May, adding to signs the world's third-largest economy might be recovering from its slump, but growth was weak despite huge stimulus spending, according to two surveys released Monday.
Brokerage CLSA Asia-Pacific Markets said its purchasing managers index rose to 51.2 from April's 50.1 on a 100-point scale. Numbers above 50 show an expansion. The state-sanctioned China Federation of Logistics and Purchasing said its own PMI eased slightly to 53.1 from April's 53.5 but still showed activity expanding.
"For the first time the PMI shows genuine evidence that policy really is gaining traction," CLSA economist Eric Fishwick said in a statement.
A purchasing manager is an employee who oversees the acquisition of goods and services for a company. Economists see the PMI as a better indicator of China's economic outlook than measures such as gross domestic product growth because it includes forward-looking elements such as new and export orders.
The figures add to mounting signs that Beijing's 4 trillion yuan ($586bn) stimulus is starting to show results, boosting domestic demand to offset lackluster exports. Consumer spending, auto sales, bank lending and investment also are up.
Both surveys showed factory output and news orders expanding in May, a possible sign the stimulus spending is helping to boost demand. CLSA said export orders fell in May for a 10th straight month but not as sharply as in April, while the Federation of Logistics said exports improved but gave no details.
"The nation's economic recovery is in a preliminary form but still has not achieved comparatively high prosperity," said Zhang Liqun, an economist for a Cabinet think tank, in a statement released by the Federation of Logistics.
The collapse in global demand for Chinese goods threw as many as 30 million migrants out of work as thousands of export-driven factories closed, according to the government. Some are believed to have found new jobs with stimulus-financed building projects but no comprehensive figures have been released.
Beijing is trying to shield China from the global downturn by pumping money into the economy through spending on building highways and other public works. Most of the money has gone to state-owned construction companies and suppliers of steel and cement but it has begun to reach the private sector as those companies pay workers and buy materials.
Premier Wen Jiabao and other officials say the stimulus is starting to take effect but have called for continued vigilance, warning that a full-fledged recovery still depends on a rebound in the global economy.
Consumer spending in April rose 14.8 percent from a year earlier. Also in April, auto sales rose for a fifth straight month, jumping 25pc from a year earlier to a record high of 1.15 million units.
CLSA said its indicator for manufacturing employment fell in May to a neutral 50 from April's slight expansion of 50.9.|
|Manston- the gateway to China!
by business editor Trevor Sturgess
An exhibition and conference centre that will promote China could be built at Manston, it has been reported.
According to Property Week.com, Commercial Group Properties (CGP) has signed a memorandum of understanding with the United Nations Industrial Development Organisation to set up a joint venture.
Caption: Kent International Airport would be near the development
It would build, fund and let the centre at Manston Business Park, close to Kent International Airport, as part of the so-called China Gateway project.
However, it remains unclear whether non-Chinese organisations would be able to use the complex. Kent officials have long talked about the need for a dedicated exhibition and conference centre but various proposals have come to nothing.
Under the latest plan,Chinese organisations, provinces and cities would be able to use the exhibition, conference, meeting and office facilities in the centre, perhaps securing seats at the centre for specific periods each year.
The report says the centre would promote "Chinese business in all its myriad guises" to the UK and the rest of the European Union, as well as promoting "cultural and visionary entrepreneurial concepts," arts and culture, tourism, and the benefits of investment into China.
CGP, which for some time has been promoting a centre for Chinese businesses in Manston, would manage, promote, develop and maintain the proposed complex, or possibly outsource those functions to a subsidiary or other company.
Last year, Thanet council approved controversial plans to turn 77 acres of Manston business park into a warehouse and distribution centre.
CGP aimed to create a Chinese electronics warehouse that could bring hundreds of jobs to the area, after signing a deal with Chinamex, an investment company backed by the Chinese Government. Opponents, claim the proposal would damage the environment.
CGP was unavailable for comment.
Tuesday, May 26 2009|
|Come the end of this month l feel there could be further good news coming our way.|
|excellent news today....|
|Why did two buys bring he price down 5p anyone have any answers|
|87% of company with significants.|
|this is why it moves so fast on low vol.
BLENHEIM LIMITED 6,061,038 28.86%
OMEGA PROPERTIES LIMITED 6,061,039 28.86%
Credit Suisse Client Nominees (UK) Limited 3,527,043 16.80%
HERITAGE BUILDING LIMITED 1,550,723 7.38%
Pershing Keen Nominees Limited 985,024 4.69%|
|...and up we go again|
|First denial then from the bosses, I don't do porkies.
Behind the scenes share deals which we are not supposed to be privvy to are going on...why the spread ? Coz they don't want to make a market...just yet. Broker probably got a slap for movin too fast up too soon, hence the cooling off period...stick with it !!|
Meanwhile property group Commercial Group Properties extends its recent sharp rally, to the mystification of the group's bosses, who professed to know of no reason for the recent share price improvement.|
|smudger's been telling porkies again - see RNS|
|Do the Board of Directors also have any idea why the quoted share price drops on absolutely zero volume... Anyway, they're all in China at the moment..oops|
|CHWI, property in China, 30m assets but shares trade on one tenth of that.!!!!!!1|
|well, they are very gradually decreasing the spread so hopefully this will attract a few more here|
|No, no assumptions, I just said what I said when it was 12p....only one seller since some poor old sod sold 50,000 at 3p !!! Stick with it !|