SHANGHAI and ST. PETERSBURG, Fla., June 7, 2011 /PRNewswire-Asia/ -- Endeavour Shanghai Business Services, Ltd. ("Endeavour") - a subsidiary of Island Stock Transfer, and part of the Endeavour Cooperative Partners family of companies - announced today that it has received approvals from the Government of the People's Republic of China to open its stock transfer agency and corporate advisory business in Shanghai.
Endeavour will act as the representative agent for Island Stock Transfer, and expects to be the first SEC registered transfer agency dedicated to serving mainland-based Chinese companies that are listed on the U.S. stock markets. In addition to its core stock transfer and registrar services, Endeavour will be professionally staffed to provide corporate advisory services with respect to Chinese companies seeking a U.S. stock market listing. Endeavour expects to have its Shanghai office staffed with experienced multilingual personnel and to be fully operational by June 30, 2011.
Endeavour Shanghai's General Manager, Jin Long Liu, commented, "I am pleased to present our services to Chinese companies that are listed on the U.S. stock markets. There are more than 500 Chinese companies listed in the U.S., and, through our U.S.-based parent company, Island Stock Transfer, we currently serve more than 50 of those issuers. The launch of our Shanghai-based operation will allow us to better serve our current and future clients by eliminating the language, cultural, and time zone differences. We believe this will be of great benefit in terms of convenience and cost savings to China-based, U.S.-listed companies."
In conjunction with the launch of the business, key Endeavour executives and staff members will be commencing a multi-city tour of China to discuss its business services with the executives of China-based, U.S.-listed companies. The tour dates are:
June 21, 2011, Beijing, Kuntai Royal Hotel, 9:00 am - 2:00 pm (Presentations and lunch) June 23, Xi'an, Shangri-La Hotel, 9:00 am - 2:00 pm (Presentations and lunch) June 26, Guangzhou, The Garden Hotel, 9:00 am - 2:00 pm (Presentations and lunch) June 28, Shanghai, Four Seasons Hotel, 9:00 am - 2:00 pm (Presentations and lunch)
Endeavour Shanghai is part of the Endeavour Cooperative Partners group of companies, which includes: Spartan Securities Group, Island Stock Transfer, and Endeavour Insurance Partners.
Endeavour Cooperative Partners and its subsidiary companies provide a suite of financial services specializing in serving the securities processing, brokerage, market making, and insurance needs of small to midsized publicly traded companies, their employees and executives, and their key shareholders.
Public company executives who wish to attend one of the free Endeavour luncheons are urged to contact Jin Long Liu to reserve a seat, as space is limited.
Contact:
Jin Long Liu
General Manager
Endeavour Shanghai Business Services, Ltd.
Email: jliu@endeavourshanghai.com
Cell phone: +1-813-298-9243 (US) / +86-139-1811-7722(China)
