I would not be surprised if they ran into a problem with KICK, and are now using CNGI to attempt to RM into. That's why I don't care for those tickers that have not had any filings in eons, those frequently have TA issues, or some other skeletons in the closet that kill the mergers.
I really never understood the concept of quality companies using long, defunct tickers for their RM's, if you can afford it, buy a clean, REPORTING shell, there are plenty of them out there, and they are not that expensive....but for whatever reason, many choose to go this route.
In any case, looks like you and others who got in sub- .02 are already in very good shape, and if it pans out to be legit, could be golden. I do see that they claim to have a registered capital of $200M yuan, that's definitely on the higher end of what I've seen in Chinese OTC RM's, in fact I can only think of a couple off-hand that had a larger registered capital than that, at least in the last several years.
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