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Alias Born | 05/12/2011 |
Tuesday, June 07, 2011 3:08:02 PM
I've found that a requirement to list on the Shanghai Stock Exchange is a market capital requirement of no less than 30 million RMB. http://en.wikipedia.org/wiki/Shanghai_Stock_Exchange
1 RMB = .154 USD
According to yahoo finance, our current market cap is 4.63 million USD. Therefore, we currently have a market cap of 30.05 million RMB.
This chinese listing is not far off people!! Our CEO hinted in our last PR to give newbs a chance to get in - don't miss out!
Also, I'm going to do some more research to see the effect on american companies that have listed on a chinese exchange in the past, but if someone has already done this research then please reply.
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