China Armco Metals: Corporate News Archive

China Armco Successfully Listed in the U.S.

China Armco Metals, Inc. goes public on June 27th, 2008 at OTCBB (U.S.), using ticker symbol CNAM.

The company negotiated with the investors and investment bank for several rounds to go public by going through strict assessments and detailed due diligence, and passing independent auditing by SEC authorized auditing firm. Though the process is complicated and hard, the outcome is outstanding. Now the investment banks and finance professions think highly on the company’s value and prospect. Because of the good cooperative relationships to the investment banks and investors, company’s development is strongly supported in both capital and strategy, ensuring a wide refinancing channel.

The corporate stock is at the introduction stage and has raised 9.1 million USD. The public company will insist in “being responsible to the investors and making the greatest effort to heighten the profit”, to standardize company’s management structure and to be an international company that can withstand the strict supervise by the SEC.

The public company plans to expand Armco’s business globally as well as focusing on the key construction project of the scrap steel recycling by the Lianyungang subsidiary.