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News Flash
Huafeng Textile to continue seeking KRX listing
26 Mar '07
3 min read
Aside from providing shareholders with greater liquidity and better market access, the potential listing is expected to enhance Huafeng's credibility amongst existing and new partners and customers.
Explained Mr. Zhenrong, "This is particularly significant given our future ambitions to aggressively and strategically expand our reach into new global markets."
Subsequently, to progress its listing activities, the Chairman confirmed that the company had appointed the services of stock exchange specialists Daewoo Securities.
However, he stated that the approval of the listing of Huafeng's common stock on the Korea Exchange would, inevitably, be contingent upon the company's compliance with all applicable KRX listing standards.
Huafeng initially announced that it planned to make a pre-application to the Korea Exchange for the establishment of the Korean Depository Receipt (KDR) Programme on the Korea Exchange on December 27, 2006, which was followed by the aforesaid pre-application on December 28,2006.
On February 16, 2007, the company also confirmed that no more than 300 million New Shares would be listed under the KDR Programme.
Explained Mr. Zhenrong, "This is particularly significant given our future ambitions to aggressively and strategically expand our reach into new global markets."
Subsequently, to progress its listing activities, the Chairman confirmed that the company had appointed the services of stock exchange specialists Daewoo Securities.
However, he stated that the approval of the listing of Huafeng's common stock on the Korea Exchange would, inevitably, be contingent upon the company's compliance with all applicable KRX listing standards.
Huafeng initially announced that it planned to make a pre-application to the Korea Exchange for the establishment of the Korean Depository Receipt (KDR) Programme on the Korea Exchange on December 27, 2006, which was followed by the aforesaid pre-application on December 28,2006.
On February 16, 2007, the company also confirmed that no more than 300 million New Shares would be listed under the KDR Programme.
Huafeng Textile International Group, Hong Kong
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