NEW YORK, Jan. 21 Pink OTC Markets Inc. (Pink Sheets: PINK), the leading electronic inter-dealer quotation system, trading technology and financial information provider for Over-the-Counter (OTC) securities, today announced that Shandong Luoxin Pharmacy Stock Co., Ltd. (OTCQX: SLUXY, Hong Kong: 8058), a leading Chinese pharmaceutical company, has chosen to list its American Depositary Receipts (ADRs) on OTCQX®.
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Shandong Luoxin Pharma's ADRs 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.pinksheets.com.
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"We are pleased to welcome Shandong Luoxin Pharma to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "OTCQX provides Shandong Luoxin Pharma with the highest level of visibility and access to U.S. investors possible in the OTC Market."
The Bank of New York Mellon Corp., which acts as Depositary for Shandong Luoxin Pharma's ADR program, will serve as Shandong Luoxin Pharma's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements. Viriathus Capital LLC will serve as the Company's dedicated OTCQX Advisor.
Mr. Liu Baoqi, Chairman of Luoxin Pharma commented, "Our OTCQX listing provides Luoxin with local access to the largest capital market in the world, which will enhance the Company's corporate image and broaden our shareholder base globally. We take great pride in joining the esteemed group of international companies already trading on OTCQX as the first member coming from China and look forward to the increased investor awareness, information availability and trading visibility this new market tier offers."
About Shandong Luoxin Pharmacy Stock Co.
(OTCQX: SLUXY, Hong Kong: 8058) Shandong Luoxin Pharma's ADRs will trade in the United States on OTCQX under the symbol "SLUXY", where each ADR will represent 10 ordinary shares. Shandong Luoxin's shares are also listed on the Hong Kong Stock Exchange - Growth Enterprise Market, under the symbol 8058. The Company engages in the development, manufacture, and sale of pharmaceutical products in the People's Republic of China. The Company operates over 30 GMP certified production lines and manufactures more than 240 different pharmaceutical products, including Western medicines and bulk medicines. For more about Shandong Luoxin, visit http://www.luoxin.cn/en/index.asp.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing 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. exchange. For more about OTCQX, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (Pink Sheets: PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the Over-the-Counter, or OTC, securities market. The OTCQX and Pink Sheets® marketplaces that we operate constitute, by dollar volume, 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 technology platform provides a comprehensive suite of information products and trading services for OTC market participants. 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 the OTC marketplace more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at [email protected].
Pink OTC Markets is headquartered in New York City.
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