Cathay Merchant (AMEX:CMQ)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Cathay Merchant Charts. Click Here for more Cathay Merchant Charts.](/p.php?pid=staticchart&s=A%5ECMQ&p=8&t=15)
Cathay Merchant Group to Trade Under New Symbol
SHANGHAI, China, Oct. 7 /PRNewswire-FirstCall/ -- Cathay Merchant Group, Inc.,
formerly Equidyne Corporation (AMEX:IJX), announced today that it will now
trade under the new stock symbol "CMQ" in conjunction with its recent name
change. The change takes place beginning with today's trading. In addition,
the company has been issued a new CUSIP number from the CUSIP Service Bureau.
The company recently changed its name to Cathay Merchant Group, Inc. to better
identify itself and its primary business as a financial holding company
operating through its subsidiary, CMG Shanghai Ltd., an international merchant
banking company organized under the laws of the People's Republic of China. The
new name will not affect the rights of any stockholder or the validity or
transferability of stock certificates currently outstanding. Stockholders will
not be required to surrender or exchange their stock certificates that they
currently hold.
About Cathay Merchant Group, Inc.
Cathay Merchant Group, Inc. is a financial holding company whose business is
conducted primarily through its operating subsidiary, CMG Shanghai Ltd., a
company organized under the laws of the People's Republic of China ("CMG
Shanghai"). CMG Shanghai is an international merchant banking company engaged
in a broad spectrum of activities related to the integrated combination of
banking, trading, financing commercial trade and proprietary investing. CMG
Shanghai's merchant banking activities include providing specialized banking
and corporate finance services and advising clients on corporate strategy and
structure, including mergers and acquisitions and capital raising. These
activities also include proprietary trading in commodities and natural
resources and proprietary investing of CMG Shanghai's own capital in
enterprises to realize long-term or trading gains. CMG Shanghai acts for
clients located in the People's Republic of China, Hong Kong, Taiwan and other
portions of the Asian market.
Forward-Looking Statements
This press release contains forward-looking statements which typically are
identified by the use of terms such as "may," "will," "should," "expect,"
"anticipate," "believe," "estimate," "intend," "plan," their negatives and
similar words, although some forward-looking statements are expressed
differently. You should consider statements that contain these words carefully
because they describe the company's expectations, plans, strategies and goals
and the company's beliefs concerning future business conditions, results of
operations, financial position, and business outlook or state other
"forward-looking" information based on currently available information. The
company undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which the statement is made
or to reflect the occurrence of unanticipated events.
Cathay Merchant Group, Inc. Contact:
Michael Smith, Secretary
Phone: +86-21-6353-0012
DATASOURCE: Cathay Merchant Group, Inc.
CONTACT: Michael Smith, Secretary of Cathay Merchant Group, Inc,
+86-21-6353-0012