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Wednesday, May 19, 2010

CCME going to NASDAQ !!!

China MediaExpress Holdings, Inc. to Begin Trading on the NASDAQ Global Select Market on June 3rd
Last update: 5/19/2010 8:45:00 AM
FUJIAN, China, May 19, 2010 (BUSINESS WIRE) -- China MediaExpress Holdings, Inc. (CCME) ("CME" or "Company"), China's largest television advertising operator on inter-city and airport express buses, today announced that its common stock has been approved for listing on the NASDAQ Global Select Market.
Effective as of the close of trading on June 2, 2010, the Company's common stock will cease trading on NYSE AMEX. Upon the opening of trading on June 3, 2010, the Company's shares will commence trading on NASDAQ Global Select Market, under the same ticker symbol "CCME".
Mr. Zheng Cheng, CME's Founder and CEO, noted, "We believe that NASDAQ represents the best fit for our Company and our shareholders. NASDAQ's market maker structure should lead to increased liquidity, an expansion in our shareholder base and, ultimately, to increased shareholder value. In addition it will provide our investors with the best prices and the fastest execution. As the world's largest electronic stock market, NASDAQ promotes innovation and attracts leading growth companies from a diverse group of sectors. CME is one of the very few Chinese companies to qualify for the NASDAQ Global Select Market, which has the highest initial listing standards of any exchange in the world. Out of 136 China-based companies listed on NASDAQ, only 26 companies such as Baidu, CTrip.com International, Shanda Interactive Entertainment and NetEase.com, fulfill NASDAQ Global Select Market requirements. Within only seven months since CME became a public company in October 2009, we have qualified and are making the decision to move to the NASDAQ Global Select Market. This achievement is an important milestone for our Company and we look to the future with confidence."

8 comments:

jfh86 said...

This is huge, Superman. Probably the best news of the year. This will give the stock a higher multiple.

Dave said...

SOURCE: Form 4

ISSUER: CHINA MEDIAEXPRESS HOLDINGS INC
SYMBOL: CCME

FILER: LAM JACKY WAI KEI
TITLE: Chief Financial Officer

DATE TRANSACTION SHARES PRICE VALUE
5/19/10-5/20/10 Purchase 4,000 $12.63 $50,500

OWNERSHIP: 4,000 (Direct)

The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.

Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)


Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=96GoThDht6RymBOXiyN72Q%3D%3D. You can use
this link on the day this article is published and the following day.


(END) Dow Jones Newswires

05-21-10 1242ET

12:42 052110

banellie said...

Take a look at SBAY, I believe it is also ridiculously priced just like CCME.

mon said...

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Anonymous said...

"$CCME HOD move to $15-$20 soon"

What does HOD mean?

thanks

joven said...

hi, you have nice blog.. u can view also mine..http://akoniwares.blogspot.com

TECHNOLOGY MONITOR said...

very valuable information

StocksOn.Blogspot said...

whats the take on LLEN ... hitting support line today again, at the bottom of the bollinger band, macd crossing over here. I see upward movement short term but i'd like a long-term perspective

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