AgFeed Industries announces NYSE Alternext Listing
AgFeed Industries, Inc., one of the largest independent hog production and hog nutrient companies in China, announced admission to the NYSE Alternext.
AgFeed’s admission, the first cross-listing from a U.S. listed company on NYSE Alternext this year, was granted in connection with NYSE Alternext’s rules that enable U.S. listed companies to use their SEC filings to gain access to NYSE Euronext European markets. AgFeed’s NYSE Alternext trading symbol will be ALHOG.
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“We are delighted at the success of AgFeed’s listing on NYSE Alternext, which is the first cross-listing from a U.S. listed company on NYSE Alternext this year,” commented Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. “NYSE Alternext is a tremendous market for companies like AgFeed which want to benefit from our European reach, attracting more and more investors and thus increasing liquidity level.”
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Dr. Songyan Li, AgFeed’s Chairman stated, “As we have grown our business, we have had many inquiries from international investors about our unique approach to and business mission within the multi-billion dollar Chinese hog industry. We view the EU as a vibrant financial market and our NYSE Alternext listing as an important component of not only building our investor base, but also the third leg of our business, harvesting, as we become a fully integrated hog production company.”
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