Home > News > Advance Nanotech Subsidiary Plans Listing in London
December 22nd, 2006
Advance Nanotech Subsidiary Plans Listing in London
Abstract:
Advance Nanotech, Inc., (OTC BB:AVNA), the premier provider of financing and support services to drive the commercialization of nanotechnology related products for homeland security and display technologies today announced that its subsidiary, Advance Display Technologies Plc ("ADT"), has applied for its shares to be admitted for trading on the PLUS-Quoted (OFEX) market in London. ADT has published a prospectus disclosing details of its proposed floatation by way of a placing of 50 million shares at £0.50p ($0.96) per share. Following the placing there will be 50 million Ordinary Shares in issue, valuing the company at approximately $49 million at the placing price. Advance Nanotech, Inc will hold 94% of the issued share capital. Trading is expected to commence in early January.
Source:
businesswire.com
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