Yongnam Holdings Ltd. Begins Trading on OTCQX®
NEW YORK, Jan. 8, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Yongnam Holdings, Ltd. (OTCQX: YONGY; SGX: YNH), a Singapore-based steel fabrication and construction company, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, the qualified OTC marketplace with the highest financial standards and third-party sponsorship.
Yongnam Holdings began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies listed on a qualified stock exchange in their home country. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Yongnam Holdings has chosen to upgrade to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX is the highest OTC marketplace offering qualifying companies like Yongnam the means to enhance their U.S. shareholder base through high-quality disclosure, transparent trading and ease of access to company information."
"We are proud to join OTCQX, the highest OTC marketplace," said S. Y. Seow, CEO of Yongnam Holdings. "We are committed to providing our U.S. investors with timely news and information to help them better analyze, value and trade our securities."
Berns & Berns will serve as Yongnam Holdings' Principal American Liaison ("PAL") on OTCQX, responsible for sponsoring qualified companies and providing professional guidance on OTCQX requirements and U.S. securities laws.
With more than 40 years industry experience, Yongnam Holdings excels in adding value to steel construction. The group offers its clients solutions on a fast-track basis, utilizing the latest fabrication technologies and design innovations to increase productivity, improve yield and lower costs. Yongnam's unique modular strutting system provides a strong competitive edge in meeting the increasingly stringent requirements of modern infrastructure and construction. With a total steel fabrication capacity of 78,000 tons at its two production facilities in Singapore and Malaysia, Yongnam stands well-equipped to complete its portfolio of projects efficiently. Moving forward, Yongnam aims to be the partner of choice in providing solutions for the steel industry.
Yongnam is an ISO-9001:2010, ISO 14001:2010 and OHSAS 18001:2010 certified company and a Singapore Structural Steel Society "S1" accredited fabricator. For more information, visit www.yongnamgroup.com.
Yongnam Holdings trades in the U.S. on OTCQX under the symbol "YONGY," where each ADR represents 50 ordinary shares.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
SOURCE OTC Markets Group Inc.