NEW YORK, Aug. 31, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced The Trendlines Group Ltd. (SGX: 42T; OTCQX: TRNLY), an innovation commercialization company focused on technology in the medical and agricultural fields, has qualified to trade its American Depositary Receipts (ADRs) on the OTCQX® Best Market.
The Trendlines Group Ltd. begins trading today on OTCQX under the symbol "TRNLY," where each ADR represents 50 ordinary shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are thrilled to welcome The Trendlines Group to the OTCQX market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Trading on OTCQX will help The Trendlines Group optimize the trading of its securities in the U.S. and increase its exposure to U.S. retail and institutional investors. We look forward to supporting The Trendlines Group in its continued growth and success."
Commenting on the trading approval for the Trendlines ADRs, Steve Rhodes, Chairman and CEO of Trendlines said, "Trendlines is excited to be trading on the OTCQX, allowing us to raise the profile of The Trendlines Group in the North American investor community. We are fortunate to have a strong shareholder base in North America, including those who invested in Trendlines prior to our IPO in Singapore. This ADR program creates a broader secondary market for the Company's securities and enables U.S. investors to trade more easily in the Company's securities. We thank BNY Mellon for their professional support and assistance through this process."
BNY Mellon serves as The Trendlines Group Ltd.'s OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements.
The Trendlines Group is an innovation commercialization company that invents, discovers, invests in, and incubates innovation-based medical and agricultural technologies to fulfill its mission to improve the human condition. As intensely hands-on investors, Trendlines is involved in all aspects of its portfolio companies from technology development to business building.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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SOURCE OTC Markets Group Inc.