- CEO
- Zoliwe Macanda-Simbodyal
- Full Time Employees
- 6
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 7323 Oswego Road Liverpool NY United States of America 13090
- IPO Date
- Jul 28, 2003
- Business
- Chun Can Capital Group (CNCN) operates as a non-operating shell company that serves as a vehicle for mergers, capital stock exchanges, asset acquisitions, or other business combinations with domestic or foreign private entities; it currently conducts no significant operations and generates no revenue. Incorporated in 1996 and headquartered at 7323 Oswego Road, Liverpool, New York, the company, formerly known as Cintel Corp., previously provided semiconductor packaging and manufacturing services; designed, manufactured, and installed automated assembly lines for flat panel displays; manufactured and tested printed circuit board (PCB) related equipment to customer specifications; and offered customer relationship management solutions, consulting, call-center operations, and database marketing. In recent developments, Chun Can Capital Group completed an agreement in 2020 to acquire a gold mine in the Democratic Republic of Congo featuring 3 million ounces of inferred gold resources per a JORC report and appointed a new senior management team, including H.E. Dr. Fahed Al Merhebi as Chairman; the company maintains a lean structure with six employees and leadership comprising CEO Zoliwe Macanda-Simbodyal, President and CFO Clara I. Gomez, and COO James Mufara. The firm focuses on long-term growth through strategic combinations, primarily targeting opportunities in shell company activities within the financial services sector, with operations based in the United States.