OTC MARKETS: TECHTRONIC INDUSTRIES QUALIFIES TO TRADE ON OTCQX MARKET

KUALA LUMPUR, May 17 (Bernama) -- OTC Markets Group Inc, announced Techtronic Industries Co Ltd (TTI), a global leader in cordless Professional Tools, DIY Tools and Outdoor Power Equipment has qualified to trade on the over-the-counter stock market (OTCQX) Best Market, previously trading on the Pink market.

TTI began trading on May 16 on the OTCQX Market under the symbols “TTNDY” and “TTNDF” and its ordinary shares will continue to trade on The Stock Exchange of Hong Kong Limited (SEHK) under the stock code, 669.

According to OTC Markets in a statement, upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their United States (US) investors.

For companies listed on a qualified international exchange, streamlined market standards enable them to utilise their home market reporting to make their information available in the US.

To qualify for the OTCQX Market, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Securities Law USA, PLLC acted as the company’s OTCQX sponsor.

Operator of regulated markets for trading 12,000 US and international securities, OTC Market’s data-driven disclosure standards form the foundation of its three public markets namely, OTCQX Best Market, OTCQB Venture Market and Pink Open Market.

-- BERNAMA