Techcomp Lists on Hong Kong Exchange

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The company’s stock opened at HKD 2.43 ($0.31 = HKD 7.78 = $1) per share on the first day of trading. Techcomp has traded on the Singapore Stock Exchange since 2004. The dual listing is intended to increase the company’s valuation.

Hong Kong 12/21/11; Hong Kong 12/30/11—Analytical instrument maker and distributor Techcomp began trading its shares on the Main Board of the Hong Kong Stock Exchange on December 21 (see IBO 3/31/11) through a transfer of existing shares. This is a dual listing for the company, whose shares also trade on the Singapore Stock Exchange. As of December 30, 55.2% of company shares had been transferred.

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