May 15 2007 |
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Boulder Steel of Australia lists shares on DIFX
Dubai, May 15th, 2007. Boulder Steel Ltd., headquartered in Sydney, Australia, today listed its ordinary shares on the Dubai International Financial Exchange ( DIFX ). The company's market capitalization is USD 150 million, and it is primarily listed on the Australian Stock Exchange (ASX).It is also listed on the Frankfurt, Berlin/Bremen, Stuttgart and Munich stock exchanges in Germany. The DIFX will offer trading of the same pool of Boulder Steel shares as the ASX does through a settlement link created by Computershare, the world's largest share registry company.
"As the region's foremost international exchange, DIFX is the ideal market for us to attract investors from across the Middle East. The exchange's close links to retail and wholesale brokers make it an excellent platform for Boulder Steel, as we continue to expand our business", confirms Carl Moser, Director and General Manager of Boulder Steel.
" DIFX offers Boulder Steel high visibility and an increasingly liquid marketplace through its expanding connections with investors, including the Computershare link. The exchange looks forward to more listings in the coming months of prominent regional and international companies", adds Per E. Larsson, Chief Executive of DIFX .
Boulder Steel's products include seamless steel tubes and motor vehicle components. A seamless tube finishing line with a capacity of 250,000 tonnes per year is set to be built in the Hamriyah Free Zone in Sharjah, UAE.
"The Hamriyah plant is well positioned to become a preferred supplier of seamless tubes for companies in the Oil & Gas industry throughout the Gulf region," confirms Abdul Rahman Falaknaz, Director of Boulder Steel UAE.
"Many of the international companies that are interested in listing on DIFX already have a business presence in the region, which makes them attractive to regional investors. Equally, regional companies that list on the DIFX know that it is an effective means of accessing international as well as regional investment," reasserts Hamed Ali, Executive Officer of DIFX . "With Boulder Steel, DIFX now has nine equity listings, including both depositary receipts and ordinary shares."
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