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Stock impact report

Chinese New Year celebration in San Francisco will take place even if it rains [CBS News]

The Intergroup Corporation (INTG) 
US:NASDAQ Investor Relations: intgla.com
Company Research Source: CBS News
Board member Tony Lau said the weather won't impact the significance of the celebration for the Chinatown community. "No! Not at all," said Lau. "Rain is actually good for us, for Chinese New Year." Lau grew up in Chinatown and is now the Chinese New Year Parade director, which takes place on March 7. He said Tuesday's celebration at Portsmouth Square will happen no matter the weather. "Rain means wealth," said Lau. "So, it's actually good. We're telling people rain or shine, we're going to be there, we're going to enjoy, we're going to celebrate Chinese New Year together." In Chinese culture rain can also mean good luck, prosperity, and fertility. The Chamber of Commerce ordered tarps that they'll start setting up a few hours before the 11 a.m. event. The tarps are expected to cover the stage area and some of the audience. Despite that, Lau is still hopeful they may catch a break in the rain. "Crossing my fingers right now," said Lau. He said this is an important holid Show less Read more
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