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Article: China Finance, Inc. Disposes of Investment Securities.
- Article from:
- PR Newswire
- Article date:
- October 12, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Oct. 12 /Xinhua-PRNewswire/ -- China Finance, Inc. (OTC Bulletin Board: CHFI), a China-based provider of surety and loan guarantees to China's large and rapidly expanding class of small and medium enterprises (SMEs), today announced that as of October 5, 2005, it has sold all of the shares of common stock of China Digital Communication Group ("CHID") owned by its wholly-owned subsidiary, Value Global International Ltd ("Value Global"). Between August 24, 2005 and August 30, 2005, Value Global sold 959,508 freely tradable shares of CHID through its brokerage account with GunnAllen Financial. On October 5, 2005, China Finance entered in a Stock Sales Agreement ...