Tuesday, September 1, 2015

Chinese Global Investors to resume trading; selling waterproofing unit

Shares in Chinese Global Investors Group will resume trading on Tuesday after having been halted since Aug 28.

While the company's shares were halted, the investment holding company had announced a 34.5% increase in earnings for the year ended June 2015 as well as plans to sell its core waterproofing subsidiary for $3.28 million.

The company, which is diversifying into financial services, also says it is selling wholly owned subsidiary, Hitchins International, for $3.28 million to the current management of the unit. The subsidiary carried out Chinese Global Investors' core waterproofing business.

The counter last traded at 2.8 cents.

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