Friday, October 26, 2007
Update on Chinacast Education (CEUC.OB)
http://biz.yahoo.com/pz/071026/129805.html
ChinaCast Education Corporation Announces Transfer of Shares to the NASDAQ Global Market From the OTC and New Ticker Symbol: 'CAST'
Friday October 26, 3:00 pm ET
BEIJING, Oct. 26, 2007 (PRIME NEWSWIRE) -- ChinaCast Education Corporation (OTC BB:CEUC.OB - News), one of the leading e-learning and training services providers in China, today announced that it received approval to move its listing from the OTC to the NASDAQ Global Market.
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Trading of ChinaCast's common shares, warrants and units on the NASDAQ Global Market will begin at the market opening on Monday, October 29, 2007, under the new ticker symbols ``CAST,'' ``CASTW'' and ``CASTU'' for common shares, warrants and units respectively.
Ron Chan, Chairman and CEO of ChinaCast commented, ``We are very pleased to have our shares commence trading on the NASDAQ Stock Exchange, which we believe is recognized around the world as one of the largest and most respected U.S. markets as well as having very high listing standards. We hope that this will enhance the volume and tradability of ChinaCast shares thereby benefiting our shareholders.''
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I will probably drop CEUC.OB (CAST on Monday) from the list of undiscovered stocks, as I believe it has been discovered, judging by the latest volume and the news of Nasdaq listing.
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