Consumer Capital Group Inc
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Financials : Consumer Finance | Company profile

Consumer Capital Group Inc. is a holding company. The Company operates the Internet finance business through its subsidiaries, America Arki (Fuxin) Network Management Co. Ltd. (Arki Fuxin), America Arki Network Service Beijing Co., Ltd. (Arki Network Service) and Arki (Beijing) E-Commerce Technology Corp. (Arki Beijing), through respective contractual arrangements among these parties. Arki Network Service, through America Arki (Tianjin) Capital Management Partnership (Arki Tianjin), engages in wealth management business. Arki Tianjin operates its business on its crowdfunding platform Bangnitou, which translates to Help You Invest in English and attracts capital from investors to invest in fixed income opportunities. Arki Network Service operates its peer-to-peer lending business through Shanghai Zhong Hui Financial Information Service Corp. (Zhong Hui), which is an online consumer finance marketplace in the People's Republic of China (PRC) connecting investors and corporate borrowers.

Closing Price
$3.90
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
3.90
Day's Low
3.90
Volume
(Heavy Day)
Volume:
100

10-day average volume:
603
100

UPDATE: CBS, Viacom stocks rally after all-stock merger deal announced

6:00 pm ET August 13, 2019 (MarketWatch)
Print

Shares of CBS Corp. rallied 1.4% and of Viacom Inc. (VIA) gained 1.3% in afternoon trading Tuesday, after the media and entertainment companies announced a deal to merger, creating a combined company--ViacomCBS Inc.--with more than $28 billion in revenue. Under terms of the much-anticipated all-stock merger, each Viacom Class A share (VIA) will convert into 0.59625 Class A shares of CBS (CBS) and each Viacom Class B share will convert into 0.59625 CBS Class B shares. At current stock prices, Viacom's market capitalization is $11.55 billion and CBS's market cap is $18.08 billion. The deal is expected to close by the end of 2019. The deal will add to earnings and is expected to deliver $500 million in annualized synergies with 12-to-24 months of the deal's closing. CBS shares have rallied 10.8% year to date and Viacom's stock has advanced 12.0%, while the S&P 500 has gained 16.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 13, 2019 18:00 ET (22:00 GMT)

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