Home > Boards > US OTC > Miscellaneous >

China Growth Development, Inc. (CGDI)

Add CGDI Price Alert      Hide Sticky   Hide Intro
Search This Board: 
Last Post: 2/22/2021 9:42:15 AM - Followers: 17 - Board type: Free - Posts Today: 0

CGDI.OB   China Growth Development 

China Growth Development, Inc. (CGDI), is the largest investor, owner and manager of commercial real estate in the capital city of Taiyuan, located in the Shanxi Province of southern China.

China Growth Development, Inc., owns and manages 4,200 commercial units valued at over $90M within its six strategically located shopping centers, servicing an urban population of 3.4 million people.


Pics of Current Properties:

Video of Taiyuan- including shopping district:
 (slow to download- but worth the wait!)  http://www.taiyuan.gov.cn/tygovwww/english/spty.htm







Recent News:

China Growth Development Achieves Full Occupancy of Newest Shopping Mall, Primed to Add 1.9 Million in Annual Revenue - August 13, 2009

"We are pleased to announce that our newest shopping mall has reached full occupancy, which translates to increased annual revenue growth for the company,” stated Sam Liu, COO. “The tenants normally pay in advance for up to a 10 year lease period, and this is a significant factor in reducing China Growth Development Inc.‘s exposure to fluctuations in the commercial real estate market.”

The company notes that China's economy has experienced significant growth over the past few years and that has increased the demand for commercial space.

China Growth Development Inc. intends to grow and expand its commercial real estate business. The company desires to acquire an additional 2 shopping centers within the next three years in addition to capitalizing on existing development rights.

“We aim to have these and future developments enhance China Growth Development’s balance sheet and thus shareholder value,” added Mr. Liu.



China Growth Development Inc Highlights Second Quarter 2009 Financial Results - August 20, 2009

Second Quarter 2009 Highlights

-- Net revenue increased to 4.18 million, a 12% increase from the second quarter of 2008.

-- Net income rose to $1.67million for the quarter ended June 30, 2009, a 70% increase year-over-year.

-- Earnings per share of $.03 for the quarter on a fully diluted basis as compared to $.02 from the second quarter of previous year.

“We are pleased at our progress and ability to deliver solid results this quarter," stated Mr. Sam Liu, COO of China Growth Development Inc. “Our expansion projects have lead the way to increased revenue, and that is a perfect example of our growth strategy succeeding. We are focused on continuing that strategy of growth via expansion, development, and acquisition throughout the third and fourth quarters of 2009.”

2009 – 2010 Outlook

Over the course of the next few years, we intend to grow and expand our commercial real estate business. We currently generate positive cash flow and we expect to acquire an additional 2 shopping centers within the next three years.

SEC Filings:  
(click here)

Share Structure:

Outstanding Shares: 34,970,007
Insider Shares: 31,121,327   (All insider shares are locked/unavailabe for sale until May 2010 per terms of the reverse merger)
Approximate Float: 3,848,680

China Growth Development, Inc.
USA Office
927 Canada Court
City of Industry, California 91748

Phone: 626-581-9098
Fax: 626-581-9138



Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
#785   CGDI SEC Suspension because of questions regarding the Renee 02/22/21 09:42:15 AM
#784   Hmmmmm..... Laster 09/24/20 09:41:51 AM
#783   Asians never been good at driving and real estate 4alarm 10/21/18 01:27:46 AM
#782   CGDI is smells like a winner kranthikumar 09/10/13 10:18:15 AM
#781   CGDI .002 704kvs1k_vol10dayavg +more-data: http://investorshub.advfn.com/boards/ SuperC 06/22/13 10:16:15 AM
#780   atco1982 11/03/10 07:53:04 PM
#779   I noticed they filed with the SEC last michaelstl 10/14/10 10:34:35 AM
#778   I am answering my own question. Therefor, I michaelstl 10/01/10 02:20:24 PM
#777   None. They are not required to report atco1982 10/01/10 02:19:56 PM
#776   What are pink sheet reporting requirements? michaelstl 10/01/10 02:14:22 PM
#775   Maybe the pinks are just easier. You atco1982 09/29/10 04:11:07 PM
#774   The public float is only worth $280,000 here. hebercreeper 09/10/10 11:40:20 AM
#773   Hi, its hard to believe that this company michaelstl 09/09/10 09:39:14 PM
#772   Someone painted it on 900 shares due to hebercreeper 08/24/10 11:06:20 AM
#771   Anyone know why the stock jumped 110%? ewwwlala 08/24/10 02:56:44 AM
#770   contact info: samliu89@hotmail.com. he responded a few zbuckley 08/19/10 08:07:40 PM
#769   what a mess. is there any number throwerw 08/15/10 04:56:05 PM
#768   We are both in the same situation with michaelstl 08/12/10 05:14:33 PM
#767   Inconsequential. Its because its a Yahoo Finance script Theuntamedbull 08/01/10 11:51:48 AM
#766   http://www.chinagrowthdevelopment.com/ bradford86 07/29/10 03:21:30 PM
#765   poof!..even the website doesnt update the quotes...vanished! bUrRpPPP! 07/29/10 03:20:28 PM
#764   anyone have contact information here? bradford86 07/29/10 03:19:17 PM
#763   Well that didnt work out to good...amazing the bUrRpPPP! 07/16/10 08:50:39 PM
#762   no posts in so long... where'd ya go? RideTheBounce 07/12/10 10:33:51 PM
#761   Could is the big word....legit companies would have bUrRpPPP! 06/16/10 09:58:19 PM
#760   This company could be the buy of the michaelstl 06/16/10 01:27:24 PM
#759   From the I-Box, note that 90% of the atco1982 06/15/10 02:59:57 PM
#758   I was watching those trades go thru...it appeared bUrRpPPP! 06/12/10 09:39:15 AM
#757   Doubled+ my position at .15 this morning...eom ewwwlala 06/11/10 12:08:52 PM
#756   Hi, thank you for the reply. In michaelstl 06/02/10 09:53:41 AM
#755   I just spoke with her...she is going to china coop 06/01/10 08:08:16 PM
#754   Just called for Leslie and she was out michaelstl 06/01/10 12:26:42 PM
#753   Thanks! bUrRpPPP! 05/26/10 10:07:08 AM
#752   City of Industry, CA location # Phone china coop 05/26/10 09:58:04 AM
#751   Thanks for the update! What number are you bUrRpPPP! 05/25/10 03:25:06 PM
#750   I just spoke with Leslie again...she said that china coop 05/24/10 06:20:09 PM
#749   Very cool...great effort...I added today at .18...perhaps this bUrRpPPP! 05/20/10 08:56:14 PM
#748   I spoke with a large investor of CGDI bradford86 05/20/10 07:45:11 PM
#747   I was able to contact someone at the china coop 05/20/10 06:49:07 PM
#746   I have tried to contact them but the bUrRpPPP! 05/20/10 07:41:40 AM
#745   well, pink now. good news that the otcbb bradford86 05/19/10 04:47:50 PM
#744   Back in this morn @ .235.This is the oncrucz 05/07/10 03:34:56 PM
#743   I got out of CGDI this morning. I mauiguy2 04/28/10 11:46:36 AM
#742   At .30 this might be a great buy. Dough Theory 04/28/10 10:30:07 AM
#741   They may be in violation of the 3 bUrRpPPP! 04/27/10 08:58:59 AM
#740   I can't figure this one out.....It mauiguy2 04/27/10 08:50:42 AM
#739   CGDI Now a pinksheet stock..... bUrRpPPP! 04/27/10 07:25:28 AM
#738   4/20/2010 CGDI CGDIE China Growth Development, Inc. Common bUrRpPPP! 04/16/10 07:22:38 PM
#737   .41 close! bUrRpPPP! 03/31/10 05:39:04 AM
#736   .34 Great close huge volume! bUrRpPPP! 03/25/10 07:14:57 PM
Consent Preferences