NEW YORK, Sept. 17 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Sungwon Pipe Co Ltd (KSE-KOSDAQ: A015200; OTCQX: SNGWY), Korea's number one stainless steel pipe manufacturing company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20090708/NY43125LOGO )
(Logo: http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )
Sungwon Pipe began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
"OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Sungwon Pipe Co Ltd to OTCQX."
Madison Williams and Company will serve as Sungwon Pipe's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Sungwon Pipe Co Ltd
Sungwon Pipe Co Ltd (KSE-KOSDAQ: A015200; OTCQX: SNGWY) will trade in the United States on OTCQX under the symbol "SNGWY", where each ADR will represent 10 ordinary shares. Sungwon Pipe Co., Ltd. is Korea's number one stainless steel pipe manufacturing company. It acquired MS Metal, the stockist and distributor as a wholly-owned subsidiary to become Korea's first and largest total stainless steel pipe company that offers a comprehensive service to shipbuilding, manufacturing and construction industries. Its products include specialized pipes that are in global demand by newly developing industries and its main customers are Samsung, Hyundai, and Daewoo.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].
Subscribe to the OTCQX RSS Feed
SOURCE Pink OTC Markets Inc.
Share this article