January 5, 2016
Sino Agro Food permitted to trade on Oslo Bors' Merkur Market
Sino Agro Food, Inc. had announced an approval for trading of the company's common shares on the Oslo Bors' Merkur Market.
Trading is expected to commence on January 13, 2016 under the symbol "SIAF-ME".
The company's common shares will continue to be traded on the OTCQB under the symbol "SIAF."
The decision reflects the Sino Agro Food's desire for shares to be listed on the world's leading aquaculture listing venue as well as providing its European shareholder base with a more suitable platform for trading.
"In light of our strategic focus to streamline the company and to list aquaculture assets on Oslo Bors, we believe that the Oslo Bors' Merkur Market is the most suitable venue for Sino Agro Food, Inc.," said Solomon Lee, the CEO of Sino Agro Food. "Our goal is to facilitate access to Sino Agro Food for additional European investors who seek exposure to the growing Chinese seafood and protein food sector."
"This admission to trading raises Sino Agro Food's profile to European institutions, and provides a more accessible trading venue for our substantial Nordic shareholder base. We also look forward to welcoming many new shareholders, as Norway hosts the world's largest financial seafood cluster," Lee added.
No new shares are to be issued in connection with the admission to trading.
Current shareholders will be able to convert their shares traded on the OTCQB in the US to shares traded on the Merkur Market through their account operator.
Shares on the Oslo Bors' Merkur Market will be traded and settled in Norwegian Krone ("NOK"). In conjunction with the admission to trading on the Merkur Market, Swedbank Norway acts as the financial advisor to Sino Agro Food, and Wikborg-Rein & Co. Advokatfirma DA serves as the Norwegian legal advisor.