Crowe Clark Whitehill supports international listing.
Sino Agro Food Inc. has announced its admission to the newly formed Oslo Bors’ Merkur Market. Trading has now commenced under the symbol ‘SIAF-ME’, while its common shares are also traded on the OTCQX under the symbol ‘SIAF’.
The company, who develop and operate protein food production facilities in the People’s Republic of China have carried out the move to provide its European shareholder base with a more suitable platform for trading.
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 OTCQX in the U.S. to shares traded on the Merkur Market. Its shares on the Oslo Bors’ Merkur Market will be traded and settled in Norwegian Krone (NOK).
The Corporate Finance team of Crowe Clark Whitehill LLP, led by Robin Stevens, provided reporting accountants support as in part of the admission.
We are delighted to have provided assistance on this transaction which provides an enhanced trading platform for the company’s shareholders on a very interesting new European market.
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.
— Robin Stevens, Corporate Finance Partner, Crowe Clark Whitehill
— Solomon Lee, CEO, SIAF