Shenzhen Beek battery plate Nasdaq market capitalization of nearly $550 million

21:30 on May 31, 2006, one of the world's largest lithium ion battery manufacturer, Shenzhen Beek Battery Co. Ltd. by the United States OTCBB market board to NASDAQ (NASDAQ) market, become the market's first Chinese lithium battery business, the market value of nearly $550 million. Beek battery was established in 2001, is a lithium ion battery development, production and sales of high-tech enterprises.

Public information shows that in 4 years, the company has maintained an annual growth rate of nearly 100%. Beek is currently the first in the country to develop new products such as high-capacity 3G batteries, the first Nissan 80 thousand laptop battery fully automated production line has been successfully put into production in 18650.

2003, Beek began to invest in the construction of Nissan 1 million lithium ion battery core project, before and after the break of the fund to break the conventional financing of the battery, the capital of the United States directly aimed at the capital market in.

Ultimately, Beek chose the U.S. listed company mcff.ob as a springboard. At the beginning of 2005, the success of Beek battery holding convertible Hongkong Beek international company and mcff company, through a reverse takeover of landing the United States counter market OTCBB, has become the first China lithium-ion batteries in the United States listed enterprise.

This mode of operation is the stock market experts called APO, that is, Alternative Public Offer, between IPO and private placement, but combines the advantages of both. Beek battery such capital operation, in the United States is the first case, before and after the time spent no more than 4 months.

OTCBB market full name Over the Bulletin Board, that is, OTC trading system, is an able to provide real-time stock trading price and trading volume of electronic quotation system Counter. OTCBB has a real gem features: small size, low threshold, low cost. There is no listing standards; do not need to register in the OTCBB, just in the SEC registration; listing costs are very low, no need to pay maintenance fees; in the stock price, assets, profits and other aspects of the offer or not to maintain standards. As long as approved by the SEC, there are more than three market makers are willing to make a market for the securities, you can apply for listing NASD. After the listing of the quarterly report submitted to the SEC, you can flow in OTCBB. OTCBB few large institutional investors, mostly small funds and individual investors.

Huang Qin, a researcher at the China Institute of international finance, said the OTCBB market, including delisting from the main board market, not up to the main board listing conditions of enterprises. Many of them are small and medium enterprises, there are some excellent growth potential of enterprises, in the case of less than the main board listing conditions, the first in the development of OTCBB, Microsoft is upgraded from OTCBB listing to nasdaq. The stock price on the OTCBB average of $0.09, there are a large number of so-called junk stocks, which is an indisputable fact. February 4, 2005 data show that 48 Chinese companies listed on the OTCBB, there are more than $4 in the stock price of more than $10, the price of 30 companies within $1.

"There is a good chance that there is a good chance to develop, and this is OTCBB." Huang Qin said.

From the OTCBB market to the NASDAQ board of enterprises to comply with the stock trading price of $5 or more must be maintained for 3 months, after not less than $1, the number of shareholders shall not be less than 400, and other hard conditions. Beek battery after reaching these targets, in April this year, the board formally submitted application materials, after nearly two months of review, approved in May 30th, and the next day on the NASDAQ national market officially listed for trading, which has created a miracle in the time for China stocks from a reverse takeover to turn board.

Investment Management Consulting Co., Ltd. Ho Ho said that the company moved to the NASDAQ national market, its financing channels and investment institutions concerned than in terms of OTCBB, and rose to a new height.