June 14 – Shares of Guangming Group Furniture (000587), which have been suspended for more than one year, will resume trading tomorrow, reports Shanghai Securities News, citing a company filing.

Potential controlling shareholder Jiuwu Investment pledged to inject more than two billion yuan worth of high-quality gold mine assets into the firm within 18 months after the completion of an asset restructuring.

The asset injection price is a minimum of 11.98 yuan each share.

Last week, Jiuwu Investment planned an injection of 380 million in cash and a 100-percent stake in Dongguan Jinye Jewelry as part of the asset restructuring. an Jinye Jewelry as part of asset restructuring.

Source:CapitalVue