PUDZ: Uplisting on Tuesday, we may inhabit an eventful market with Puda Coal, Inc.
Puda Coal to Begin Trading on NYSE Amex on September 22, 2009.
On Friday September 18, 2009, 8:00 am EDT TAIYUAN, China, Sept. 18 /PRNewswire-Asia-FirstCall/ -- Puda Coal, Inc. (OTC Bulletin Board: PUDZ - News; "Puda Coal" or the "Company"), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced that the Company received approval to list its common stock on NYSE Amex.
Puda Coal expects to begin trading on NYSE Amex on Tuesday, September 22, 2009, until which time its shares will continue to trade on the Over-The-Counter (OTC) Bulletin Board. In connection with the listing on NYSE Amex, the stock symbol for Puda Coal will change to "PUDA" from "PUDZ".
"We are very pleased to soon begin our next phase as a public company by moving our stock listing from OTC Bulletin Board to NYSE Amex," said Mr. Liping Zhu, President and CEO of Puda Coal, Inc. "We are honored to join the NYSE group of companies, and this milestone represents our continuous efforts to raise our profile within the investment community, improve our stock's liquidity, expand our transparency and enhance our corporate governance."
About Puda Coal, Inc.
Puda Coal, through its subsidiaries, supplies premium grade coking coal to the steel making industry in China for use in making coke. The Company currently possesses 3.5 million metric tons of annual coking coal cleaning capacity. Shanxi Province provides 20 - 25% of China's coal output and supplies nearly 50% of China's coke. For more information, please visit http://www.pudacoalinc.com/ .
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