China Sky One Headed for American Exchange

China Sky One Medical, Inc. (CSKI.OB) has been approved for listing on the American Stock Exchange [AMEX]. The company expects to begin trading on AMEX under the symbol CSY, and it will end its current listing on the OTC Bulletin Board when it makes the move. China Sky One did not specify a date for when it expects this to occur.

The company said an AMEX listing would expose the company to a larger investor base. It may also be helpful for the price of China Sky One’s stock, as investors tend to look on OTC Bulletin Board companies somewhat skeptically.

The news of the acceptance, which China Sky One had previously said was under consideration, sent the company’ shares 3.6% higher in mid-session. They were trading 44 cents higher at $12.74.

Disclosure: none.

Comments

[ChinaMart]

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