NEW YORK, Jan. 31, 2017 /PRNewswire/ -- Vintage, the capital markets, corporate services and institutional and fund services division of PR Newswire, today announced that their China & Hong Kong division has rated number one for filing SEC Form 20-F on behalf of their China-based clients.
Vintage filed 47% of Form 20-Fs in China in 2016.
A requirement of the Securities Exchange Act of 1934, a Form 20-F, and its Canadian equivalent Form 40-F, must be submitted by foreign issuers that have listed equity shares on stock exchanges in the United States. Similar to a Form 10-K for U.S.-based issuers, Form 20-F calls for the submission of an annual report within six months of the end of a company's fiscal year.
"Once again, we are very proud with our achievement of being in the number one position in China," said Sharon Xu, Director of IR Services: China, PR Newswire and Vintage. "We continue to advance our investment in the expansion of the bilingual production team and in delivering fast-turns and accurate execution. We appreciate our clients' confidence in us and we will continue to surpass their expectations."
58.com, (NYSE: WUBA) the largest online marketplace serving local merchants and consumers in China, utilizes the compliance services of Vintage and compliments the company's ability to execute under great pressure.
"PR Newswire/Vintage provides total solutions to us, including Edgar Filing, XBRL, typesetting, news releases and webcast services," said 58.com CFO, Alex Zhou. "The different functions of their teams work together in highly efficiency way to support their clients. The editors and XBRL professionals will give you valuable suggestions even under great time pressure. I trust their work."
Vintage rated Number Two worldwide for Form 20-F and Form 40-F filings
In addition to holding the top position in China, Vintage also claimed the number two position worldwide, led predominantly by their Israeli and Canadian offices.
"Our dedicated, local presence has long made us a leading provider of compliance solutions in Israel," said Jeremy Thompson, CEO (EMEA & India) Cision/PR Newswire. "There is a strong demand for filing alongside shareholder communications - PR Newswire and Vintage allow US-listed clients to easily fulfill their compliance obligations and leverage the industry's most powerful distribution network."
"At CNW, we firmly believe that our clients deserve the very best and this is why we leverage the experts at Vintage to offer our inter-listed clients a concierge level of service for all their regulatory needs," said Nicole Guillot, CNW's President. "We can't tell you how pleased we are to be an integral element of this global and combined success story for Vintage, PR Newswire, CNW and, now Cision."
In addition to Form 20-F, the company also supports corporations, regardless of geography, throughout IPO registrations, Regulation A+ registrations, virtual data rooms and shareholder communications.
Vintage, a PR Newswire division, is a top-three provider of full-service regulatory compliance and shareholder communications services, delivered across our three practice areas: Capital Markets, Corporate Services and Institutional & Fund Services. Founded in 2002 and acquired by PR Newswire in 2007, Vintage has evolved to become the industry's intelligent value choice. We deliver a flexible balance of people, facilities and technology to ensure that regulatory compliance and shareholder communications processes are efficient, transparent and painless. Services include IPO registrations, transactions, virtual data rooms, EDGAR & XBRL filing, typesetting, financial printing and investor relations websites.
About PR Newswire
PR Newswire, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to- end solutions to produce, optimize and target content -- and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions. Cision is a leading global media intelligence company, serving the complete workflow of today's communication professionals.
Bradley H. Smith
Director of Marketing, IR and Compliance Services
PR Newswire & Vintage
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