Hi Sig,
I just found this and it sure looks like good news. I have 3 out of the 7. Not bad.
See you all in Austin, Lord willing.
Dorine
Seven Nasdaq stocks to list in HK by end of May
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Seven Nasdaq stocks to list in HK by end of May
HONG KONG, May 3 (Reuters) - Seven of Nasdaq's marquee stocks
will be listed on the Stock Exchange of Hong Kong (SEHK) by the
end of this month for a three-month trial period, Nasdaq
International president John Wall said on Wednesday.
"What we are doing is really seeing not only how you can link
markets but how you can link clearing and settlement
co-operations," Wall told reporters in Hong Kong.
Wall called the cross-listing a pilot programme that would be
closely watched by all involved parties.
Nasdaq and SEHK signed an information sharing agreement last
December to allow Hong Kong listings for shares of seven
Nasdaq-listed U.S. corporate giants, but the listing had been
postponed from an inital schedule for February listing.
The plan delayed was due to technical issues, Hong Kong Cable
Television quoted SEHK chairman Lee Hong Chiu as saying.
Hong Kong's securities watchday, the Securities and Futures
Commission, would supervise dealing of the Nasdaq stocks in Hong
Kong and the company surpervision would be carried out by the
U.S. Securities and Exchange Commission, Lee said.
The seven Nasdaq companies which will list in Hong Kong are Microsoft Corp MSFT.O, Intel Corp INTC.O, Dell Computer Corp DELL.O, Cisco Systems CSCO.O, Amgen Inc AMGN.O, Applied
Materials Inc AMAT.O and Starbucks Corp SBUX.O.
Trading in these companies would be settled in Hong Kong
dollars and there would be market makers for the stocks, Hong
Kong Cable TV said.
REUTERS
Rtr 05:27 05-03-00 |
