Dalian Northern International in OTC Listing
Last week, Dalian Northern International Exhibition Co., Limited (DFB Expo) began trading on the National Equities Exchange and Quotations (NEEQC), an “over-the-counter” board based in Beijing. DFB’s ticker is 831023.
The NEEQC acts as an alternative “third board” to the Shenzhen and Shanghai Stocks Exchanges. The NEEQC offers over-the-counter (OTC) trading - an alternative means for small- and medium-sized enterprises (SMEs) to gain financial backing. The minimum threshold for listing on the OTC is lower than those required on China’s two main stock exchanges.
Headquartered in Dalian, DFB Expo was established in February 2009 and operates mainly as an exhibition and conference organiser. DFB Expo reportedly has total assets of US$24 million. DFB Expo operates branches and offices in Vancouver, Hong Kong, Beijing, Shanghai, Shenzhen, Shenyang, Harbin, Chengdu and Jinan.
DFB Expo also owns and operates a joint venture company with Shanghai EASTPO, which is the organiser of the EMTE-EASTPO Machine Tool Exhibition in Shanghai. Other notable shows organised by DFB Expo include China Furniture and the Dalian Real Estate Fair.