Wacoal Holdings Corp. Begins Trading On OTCQXÂ®
NEW YORK, April 26, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Wacoal Holdings Corp. (OTCQX: WACLY; JP:3591), a global designer and manufacturer of women's intimate apparel based in Japan, has been qualified to have its American Depositary Receipts (ADRs) traded on OTCQX®, the best OTC marketplace with qualified companies.
Wacoal Holdings Corp. began trading today on the International Premier tier of OTCQX, which is designed for world-leading companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. Current financial disclosures and Real-Time Level 2 quotes for Wacoal Holdings is available on www.otcmarkets.com.
"OTCQX International Premier is the best marketplace for global companies that meet the highest financial and disclosure standards," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "With OTCQX, Wacoal can continue to provide a great trading experience for their U.S. investors as they transition from NASDAQ OMX and provide their high-quality home country disclosure in English as an efficient alternative to SEC reporting."BNY Mellon will serve as Wacoal Holdings Corp.'s Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements. Wacoal Holdings Corp. is a designer, manufacturer and marketer of women's intimate apparel, garments and lingerie based in Japan. The company also designs, manufactures and sells women's shapewear, nightwear, outerwear, sportswear, hosiery and other apparel and textile products, runs other business related to food, culture and services, and interior furnishing service. The company operates in four segments: Wacoal Business (Domestic), Wacoal Business (Overseas), Peach John Business and Others. As of March 31, 2012 the company had a total of 155 retail stores, including 18 outlet stores. Wacoal Holdings Corp. trades in the U.S. on OTCQX under the symbol "WACLY," where each ADR represents five ordinary shares.
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