A-Power Energy Generation Systems, Ltd. (CSCA.OB) announced that the company has been approved for listing on the NASDAQ Stock Exchange.
A-Power will begin trading on the NASDAQ Capital Market on January 22, 2008. Concurrent to uplisting, the symbol for common stock will change from CSCA to APWR, the stock warrants will change from CSCAW to APWRW, and units will change from CSCAU to APWRU. This Nasdaq listing will take place following the closing of A-Power’s acquisition of all the issued and outstanding stock of Head Dragon Holdings, Ltd.
Head Dragon Holdings is the owner of the Liaoning GaoKe Energy Group, a PRC-based developer of distributed power generation systems and other alternative energy systems.
Mr. Jinxiang Lu, A-Power’s Chairman and CEO, commented, “The NASDAQ listing will be a significant milestone for A-Power and will provide increased visibility for our successful growth story. In addition, we expect that this listing will improve the liquidity of our shares, as many institutional investors who are restricted from buying stock in bulletin board companies are now able to invest in our company.”
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