In the company’s news yesterday,
China Auto Logistics Inc. announced that the company’s common stock has been approved for listing on The NASDAQ Capital Market. Previous to trading on the NASDAQ, the company’s common shares traded on the OTCBB Market with the ticker symbol: CALG.
Mr. Tong Shiping, CEO and President of the Company, commented, “We are extremely pleased to have received approval to list on NASDAQ for a variety of reasons. First, we believe NASDAQ is recognized worldwide as the leading exchange for young, growing companies. In turn, we believe this will greatly broaden our exposure to retail and institutional investors who also seek liquidity and the best execution and prices. Lastly, we believe it reflects well on our Company that we have been able to meet NASDAQ’s very stringent requirements with respect to financial strength and corporate governance and are very proud of this achievement.”
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