Chinese firm CSR lists on DIFX
Dubai, October 13, 2008
NYSE-listed China Security & Surveillance Technology Inc (CSR) became the first Chinese company to list on the Dubai International Financial Exchange (DIFX).
CSR, a leading provider of digital surveillance technology in China, listed its ordinary shares on the DIFX in a secondary listing. Its primary listing is on the New York Stock Exchange.
Jeff Singer, chief executive of the DIFX, said: "The DIFX is delighted to enable CSR to expand its shareholder base and raise its profile in this region. With an established reputation in China in security and surveillance systems, the company's plans to expand its business across our own region will be well supported by a DIFX listing."
Shares purchased on either the DIFX or the NYSE may be sold on either exchange, if the investor wishes to do so, through a share registry link.
The Dubai-based Investment Bank, MAC Capital Limited, advised CSR on its listing. - TradeArabia News Service