News this week: Last week, Dalian
Northern International Exhibition Co., Limited (DFB Expo) began trading on the National
Equities Exchange and Quotations (NEEQC), an “over-the-counter” board based in Beijing. DFB’s ticker is
831023.
The NEEQC
acts as an alternative “third board” to the Shenzhen and Shanghai Stocks
Exchanges. The NEEQC offers over-the-counter (OTC) trading - an alternative
means for small- and medium-sized enterprises (SMEs) to gain financial backing.
The minimum threshold for listing on the OTC is lower than those required on
China’s two main stock exchanges.
Headquartered in
Dalian, DFB Expo was established in February 2009 and operates mainly as an
exhibition and conference organiser. DFB Expo reportedly has total assets of US$24
million. DFB Expo operates branches and offices in Vancouver, Hong Kong,
Beijing, Shanghai, Shenzhen, Shenyang, Harbin, Chengdu and Jinan.
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