HONGKONG, China, January 28, 2010 China Mowin Holding LTD (“China Mowin,” or the “Company”) (EURONEXT: “MLWIN”), a leading provider of mobile phone services in China, announced on January 18, 2010 its listing on the OTC Board (Marché Libre) of NYSE-Euronext.
Invest Securities acted as the exclusive financial advisor and listing sponsor to China Mowin’s listing.
As part of the offering, 5,500,000 shares were admitted at a share value of 4.55 EUR. The total market capitalization amounts to 25,025,000 EUR.
Listing Highlights:
- Strengthens China Mowin’s credibility by demonstrating its ability to conform to international guidelines, corporate governance, transparency and disclosure obligations.
- Diversifies China Mowin’s financial tools. A listing is a positive sign for investors.
- Creates opportunities for China Mowin to use its shares to identify, source and acquire additional expertise in the 3G domain.
Mr. Yang Yong, the Chairman of China Mowin, commented “Thanks to the listing on Euronext Paris, China Mowin will be able to gain advanced management skills from foreign companies, thus raising its overall quality and enhancing China Mowin’s image on the international markets. It will provide the opportunity for foreign enterprises to understand China Mowin, forming a good start for China Mowin to go global. China Mowin will use this opportunity to enhance its reputation overseas.”
About China Mowin
China Mowin is a leading provider of mobile phone advertising services in China. Based in Shenzhen, it provides mobile and internet tools through its affiliate, Shenzhen Winhi Technology Co., Ltd. These services include 3G mobile portal management, subscription to mobile keyword domain names, use of online office tools via its Software as a Service platform and subscription to the 12580 “yellow pages” hotline service operated by China Mobile,
