new-us-exchange-attracts-interest-from-asia

New US exchange attracts interest from Asia

Market sponsor Merriman Curhan Ford says the OTCQX could easily become as large as London's AIM and expects the first Hong Kong company to join its ranks by early September.
Australian companies have already discovered the OTCQX and Hong Kong and Singapore companies could be next, according to a representative of one of the sponsors of this new US exchange. The bourse, which opened for trading in March 2007, offers non-US companies a chance to achieve a secondary listing in the US via depositary receipts DRs without having to go through the time consuming process of registering with the Securities and Exchange Commission and without having to deal with costly disclosure requirements imposed by the Sarbanes Oxley regulations.

This has attracted 29 international companies to the OTCQX in just 15 months, including high-profile market leaders such as Roche, BASF, Adidas, Akzo Nobel and Air...
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