American Dairy, Inc. Now Trades on the NYSE Arca Exchange; Merger Unites NYSE and ArcaEx(R).BEIJING -- American Dairy, Inc. (NYSE Arca For other uses of "ARCA", see ARCA. NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an entirely online securities exchange on which both stocks and options are traded. : ADY), one of the leading producers and distributors of milk powder and soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been products in China, today announced that its common stock is now listed on the NYSE Arca stock exchange, effective immediately. In April 2005, the Company was listed on the Archipelago Exchange (ArcaEx), the equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as facility of the Pacific Exchange (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. ). As a result of the merger between Archipelago Holdings, Inc. and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ), PCX and ArcaEx have been renamed NYSE Arca. Archipelago Holdings, Inc. is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the NYSE Group, Inc., the newly formed holding company encompassing the existing NYSE and the all-electronic NYSE Arca marketplace. "Today's announcement is an exciting milestone for our Company. We originally listed with the ArcaEx to benefit from their innovative, electronic platform as well as in anticipation of the pending merger with the NYSE," stated Leng You Bin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Dairy, Inc. "We are proud to be one of the first sole listings on the NYSE Arca and to be a part of this historic event." About American Dairy, Inc. American Dairy, Inc. conducts operations in The People's Republic of China ("China") through its wholly owned subsidiary, Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of milk powder and soybean products in China. Feihe Dairy is located in Kedong County, China, and has been in operation since 2001. American Dairy also has a milk powder processing plant, BaiQuan Feihe Dairy in Kedong County, and also has a milk powder processing plant in the city of QiQiHaEr, Heilongjiang Province. http://www.feihe.com/ Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product and service development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products and services, and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time. About NYSE Group, Inc. NYSE Group, Inc. (NYSE: NYX Noun 1. Nyx - (Greek mythology) Greek goddess of the night; daughter of Chaos; counterpart of Roman Nox Greek mythology - the mythology of the ancient Greeks ) is a holding company that, through its subsidiaries, is a leading global multi-asset financial marketplace that operates multiple securities market centers, including the New York Stock Exchange (the "NYSE") and NYSE Arca (formerly known as the Archipelago Exchange, or Arca Ex(R), and the Pacific Exchange). Through these market centers, the NYSE Group is a leader in securities listings, market-information products and services, and offers a range of investment vehicles and order execution services. The NYSE is the world's largest and most liquid equities market where customers can choose between the floor-based auction market and sub-second electronic trading. The NYSE provides a reliable, orderly and efficient marketplace where investors meet directly to buy and sell listed companies' common stock and other securities. On an average day, over 1.8 billion shares valued at more than $69 billion trade on the NYSE, where the total global market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. for its listed companies is $22.5 trillion. NYSE Arca is the first open, all-electronic stock market in the United States enabling customers to trade equity securities, including those listed on NYSE Arca, the NYSE and other U.S. equities markets, and options products. NYSE Arca's trading platform links traders to multiple U.S. market centers where buyers and sellers meet directly in a highly-liquid electronic environment without intermediaries for fast order execution and open, direct and anonymous market access. NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. listing standards. |
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