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Fw: China Review BULLETIN: CGNT trading at all time HIGH! Mon, 05 Apr 20
Fw: China Review BULLETIN: CGNT trading at all time HIGH! Mon, 05 Apr 2004 10:21:38 -0600
Mon, 05 Apr 2004 10:21:38 -0600
Mon, 05 Apr 2004 10:21:38 -0600
New Public China Company Trading at all time HIGH!
Sector: Granite mining and processing operations in the People's Republic of
BREAKING NEWS: MIAMI, FL, Mar 12, 2004 /PRNewswire-FirstCall via COMTEX/ --
Arbor Inc. (OTCBB:ARBR) announced today that the Company has changed its name
to China Granite Corporation and its trading symbol has been changed to
(OTCBB:CGNT) on the Over the Counter Bulletin Board. The Company is a Nevada
corporation with its corporate office located in Miami, Florida.
The change of name and symbol reflects CGNT's recent acquisition of China
Laizhou Bay Mining International Corporation a corporation organized under the
laws of the British Virgin Islands ("Laizhou"). CGNT intends on continuing the
business operations of Laizhou, which conducts granite mining and processing
operations in the People's Republic of China through its wholly owned
subsidiary, Laizhou Jia Sheng Stone Company, a limited liability company
organized under the laws of the People's Republic of China.
CGNT, through its subsidiaries, owns and operates two quarries in the Province
of Shandong, near the city of Laizhou in China. It also owns and operates a
processing yards and related buildings in the city of Laizhou. At present, 95%
of the granite material currently mined by the CGNT is sold for use in the
booming domestic construction sector in Northeastern China.
CGNT is also pleased to announce that it has broken ground on a new processing
yard in Laizhou, China. The yard will have seven buildings, and will be
equipped with state-of-the-art equipment and focus on high-volume production of
granite slabs and tiles. Upon completion of the new processing yard, the
Company will have an increased capacity to service the expanding domestic
demand. CGNT's existing yard will be phased-out in due course.
CGNT's President, Mr. Chen Dong, stated, "We have an opportunity to do
something very special. We are creating a model of how to combine business
leadership and mining skills from Europe, the Americas and China. We are
undertaking a technological upgrade of our mines and our factory processing
equipment. These changes, among others, will help place us in position to
compete with other large suppliers of quality granite products in China."
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press releases, SEC filings, or from other sources believed to be reliable, but
no representation, expressed or implied, is made as to its accuracy,
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