Cathay Merchant Group to Trade Under New Symbol
October 07 2004 - 11:49AM
PR Newswire (US)
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
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