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| 8-K - Shengkai Innovations, Inc. | v169661_8k.htm |
Shengkai
Innovations, Inc. Approved to List on NYSE AMEX and to Begin Trading on
Wednesday, December 23, 2009
Tianjin,
China, December 22, 2009 /PRNewswire-FirstCall/ -- Shengkai Innovations, Inc.
(OTC Bulletin Board: SKII), a leading ceramic valve manufacturer with operations
in the People's Republic of China (the "PRC"), today announced that it has
received authorization to list its common stock on the NYSE AMEX
market.
The
Company expects to begin trading on NYSE AMEX, a subsidiary of NYSE Euronext
market on Wednesday, December 23, 2009 under the ticker "SHE," until which time
its common stock will continue to trade on the Over the Counter Bulletin Board
under the symbol "SKII."
“We are
very pleased that our steadfast commitment to increasing our growth and
profitability, as well as our efforts to improve corporate governance to meet
the requirements of a senior exchange, have led to our listing on NYSE Amex,”
said Mr. Chen Wang, Chairman and Chief Executive Officer of Shengkai
Innovations, Inc. “We are honored to join the NYSE AMEX group of companies and
believe we will attract additional interest from the investment community,
strengthen and grow our investor base and further enhance our corporate image
and visibility in the US capital markets.”
About
Shengkai Innovations, Inc.
Shengkai Innovations is engaged in the
design, manufacture and sale of ceramic valves, high-tech ceramic
materials and the provision of technical consultation and related
services. The Company’s industrial valve products are used by companies in the
electric power, petrochemical, metallurgy, and
environmental protection industries as high-performance, more durable
alternatives to traditional metal valves. The Company was
founded in 1994 and is headquartered in Tianjin, the PRC.
The
Company is one of the few ceramic valve manufacturers in the world with
research and development, engineering, and production capacity for
structural ceramics and is the only
valve manufacturer that is able to
produce large-sized ceramic valves with calibers of 6” or
more. The Company’s product portfolio includes a broad range of
valves that are sold
throughout the PRC, to North America, United
Arab Emirates, and other countries in the Asia-Pacific
region. The Company has over 300 customers,
and is the only ceramic valve
supplier qualified to supply SINOPEC. The Company also became a member of the
PetroChina supply network in 2006.
Safe
Harbor Statements
Under the
Private Securities Litigation Reform Act of 1995: Any statements
set forth above that are not historical facts are forward-looking
statements that involve risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements.
Such factors include, but are not
limited to, the effect of political,
economic, and market conditions and
geopolitical events, legislative and
regulatory changes, the Company’s ability to expand and upgrade
its production capacity, the actions and initiatives of
current and potential competitors, and other factors detailed from
time to time in the Company's filings with the United States Securities and
Exchange Commission and other
regulatory authorities. The Company undertakes
no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
For more
information, please contact:
Shengkai
Innovations, Inc.
Wei
(Gloria) Guo
Director
Tel: +86
(22) 2858 8899
Email:
wei.guo@shengkai.com
Web
site: http://www.shengkaiinnovations.com
SOURCE Shengkai
Innovations, Inc.