GUANGZHOU, China, Oct. 15, 2012 /PRNewswire/ -- Sino Agro Food, Inc. (OTCBB: SIAF), an emerging integrated, diversified agriculture technology and organic food company with its principal operations located throughout the Peoples Republic of China ("PRC"), is pleased to announce that it has taken preliminary steps to have its common shares quoted on NASDAQ OMX First North.
NASDAQ OMX First North is an alternative market, operated by the different exchanges within NASDAQ OMX. It does not have the legal status as an EU-regulated market.
Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
Before trading in the shares can commence, an application must be submitted to the Exchange for approval. The Company is preparing to engage a Certified Adviser, as required by First North, to assist the Company in the application process. It is then the Certified Adviser that ensures that the company fulfills the requirements of NASDAQ OMX First North on a continuing basis.Mr. Solomon Lee, Chief Executive Officer of the Company, stated, "We are taking steps to have our shares quoted on First North as a way to try and improve both value and liquidity for our shareholders. Having our shares quoted on First North will provide us with better exposure to European investors and funds. With the recent poor performance of Chinese companies trading on U.S. markets, we feel this move is in the best interests of our shareholders." For more information on NASDAQ OMX First North please visit: http://www.nasdaqomxnordic.com/firstnorth ABOUT FIRST NORTH First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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