Chemspec (NYSE: CPC) Celebrates IPO on NYSE; Duoyuan Global Water (NYSE: DGW ) Begins NYSE Trading
NYSE Euronext now lists 70 companies from Greater China with $1 Trillion Total Market Capitalization
NEW YORK June 24--Chemspec International Limited, a leading China-based contract manufacturer of highly engineered specialty chemicals and the largest manufacturer of fluorinated specialty chemicals in China based on sales, today listed on the New York Stock Exchange under the ticker symbol “CPC” after its successful IPO in which it raised $73 million.
Also today, Duoyuan Global Water Inc., a leading Chinese manufacturer of water and wastewater treatment equipment for use in industrial and municipal water systems, began trading on the NYSE under the ticker symbol “DGW” after its successful IPO, in which it raised $88 million.
"With the additions of Chemspec and Duoyuan Global Water to our growing family of listed companies, NYSE Euronext is now privileged to list 70 companies from Greater China," said Ronnie Kent, EVP and Head of International Listings, NYSE Euronext. "We welcome the opportunity to offer Chemspec and Duoyuan Global Water access to the U.S. capital marketplace and the world's largest pool of investors, and to providing our growing list of Chinese companies and their shareholders with the superior services, technology and brand visibility associated with listing on NYSE Euronext markets."
To celebrate today’s special occasion, executives and guests of Chemspec led by Dr. Jianhua Yang, Chairman and CEO, rang the Opening Bell. On Friday June 26, executives and guests of Duoyuan Global Water Inc. led by CEO Wenhua Guo will ring the NYSE Opening Bell to celebrate their IPO.
NYSE Euronext currently lists 70 companies from Greater China with a combined total global market capitalization of approx. $ 1 trillion (May 31, 2009). This includes 12 companies from China on NYSE Amex.
About Chemspec International Limited (NYSE: CPC)
Chemspec is a leading China-based contract manufacturer of highly engineered specialty chemicals and the largest manufacturer of fluorinated specialty chemicals in China based on sales. In manufacturing specialty chemicals, Chemspec also provides process design and process development services, which enable efficient and rapid production of specialty chemicals that are incorporated into the products of Chemspec’s end users. Chemspec’s customers and end users include electronics, pharmaceutical and agrochemical companies.For more information, please visit http://www.chemspec.com.cn
About Duoyuan Global Water (NYSE: DGW )
Duoyuan Global Water manufactures water and wastewater treatment equipment for use in industrial and municipal water systems. Its makes more than 80 different products, including water conditioners, filters, various water purification systems (i.e. ultraviolet, ozone, electrodeionization), grit separators, and others. The company distributes its products throughout China and serves municipalities, as well as power generation, oil, steel manufacturing, and other companies. Duoyuan Global Water was founded in 1992.
About NYSE Euronext (NYX)
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Contact:NYSE EuronextChristiaan Brakman, 212-656-2094cbrakman@nyse.com
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Showing posts with label Chemspec (NYSE: CPC). Show all posts
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