Business | Markets
Chinese company lists on DIFX
China Security and Surveillance Technology, a provider of security solutions in China, said its shares will commence trading on the Dubai International Financial Exchange (DIFX) from Monday.
- Staff Report
- Published: 00:02 October 13, 2008
Dubai: China Security and Surveillance Technology, a provider of security solutions in China, said its shares will commence trading on the Dubai International Financial Exchange (DIFX) from Monday.
The ordinary shares will trade in US dollars under the ticker symbol "CSR".
"Another milestone in our corporate history has been achieved and we are delighted to have been accepted by the DIFX as the first of what we believe will be many Chinese companies to list on this market," the company's Chairman and Chief Executive Officer Guoshen Tu said in a statement.
The company's shares are also listed on the New York Stock Exchange. Shares purchased on the DIFX or the NYSE are permitted to be sold on either exchange via a share registry link.
Tu said the Shenzhen-based company decided to list its shares on the DIFX as Dubai is "now clearly established as one of the world's major financial centres".
The company said the Dubai listing will provide a base for the regional expansion of its business.
"We are delighted to offer this listing opportunity, to support the company's activities in this region," said Jeff Singer, Chief Executive of the DIFX.
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