CHANGSHU CITY, China, Feb. 11 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited ("Sutor" or "the Company"), a leading provider of steel finishing fabrication products in China, today announced that its common shares are set to begin trading today on the Nasdaq Capital Market under the ticker symbol "SUTR".
"This is a significant achievement for Sutor to meet NASDAQ's stringent listing requirements and to be approved to trade on the Nasdaq Capital Market," said Ms. Lifang Chen, Sutor's Board Chairperson. "The Nasdaq is a prestigious market to help Sutor meet its ambitious growth plans, as Sutor moves forward with the fast pace development. We believe that the Nasdaq listing will make our common stock more available to those interested in our potential as well as enhance our shareholder value by providing better visibility, efficiency and cost effective trading execution for our investors."
About Sutor Technology Group Limited
Sutor is one of the leading private manufacturers of steel finishing fabrication products in China. Sutor utilizes a variety of processes and technological methodologies to convert steel manufactured by third parties into steel finishing fabrication products, including hot-dipped galvanized steel, pre-painted galvanized steel, acid- pickled steel, and cold-rolled steel. To learn more about the Companyvisit http://www.sutorcn.com.
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "plan," "expects" or similar expressions. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.
Contact: Company Contact (PRC):
Mr. Kape Cao
+86 512 52680988
investor_relations@sutorcn.com
Investor Relations (US):
Ms. Dana Johnston, Director
Taylor Rafferty
205 Lexington Avenue 8th Floor
New York, NY 10016
+1 (212) 889-4350
sutor@taylor-rafferty.com
www.taylor-rafferty.com
Investor Relations (TW):
Ms. Lisa Zheng, Director
Taylor Rafferty
Room B, 5/F
170 Tun Hwa North Road
Taipei, Taiwan 105
+886-91717-0889
sutor@taylor-rafferty.com
www.taylor-rafferty.com
