Today, the New York Stock Exchange, a subsidiary of NYSE Euronext (NYSE: NYX), welcomed KHD Humboldt Wedag International Ltd. (NYSE: KHD), a leading supplier of industrial plant engineering and design services, to join the NYSE after the company’s transfer from Nasdaq.“We are pleased to welcome KHD Humboldt Wedag International Ltd. to the New York Stock Exchange,” said NYSE Euronext CEO & Director John A. Thain. “KHD is an outstanding addition to our roster of NYSE-listed global companies. We look forward to a strong and lasting partnership, and to providing the company and its shareholders with the superior market quality, brand visibility and services associated with the NYSE.”
"The worldwide prestige of a New York Stock Exchange listing will be an advantage for us in dealing with customers and clients all over the world,” said KHD CEO Jim Busche. “We believe it will also be an advantage for our shareholders, and will bring better liquidity to our trading. We are pleased and honored to be joining the New York Stock Exchange”.
The transfer and listing by KHD Humboldt Wedag International Ltd. brings the total number of NYSE-listed companies from greater China to 39, with a total global market capitalization of $1.1 Trillion (including Taiwan) (as of June 18, 2007.) KHD Humboldt Wedag International Ltd. CEO Jim Busche joined by senior executives from the company commemorated the transfer by ringing The Opening Bell.
As far as recent transfers from other markets, the New York Stock Exchange also listed the transfer of American Oriental Bioengineering, Inc. (NYSE: AOB) in Q4 of 2006. The company, an AMEX transfer with a market capitalization of $650 million, is a Chinese producer, marketer and distributor of plant-based pharmaceutical and nutraceutical products.
About KHD Humboldt Wedag International Ltd.
KHD Humboldt Wedag International Ltd. owns companies that operate internationally in the industrial plant engineering and equipment supply industry, and specializes in the cement, coal and mineral industries. To obtain further information on the company, please visit our website at http://www.khdhumboldt.com
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $123.4 billion/€92.4 billion (as of March 31, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
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