May 16 2007 |
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UAE: Boulder Steel lists its shares on DIFX
DUBAI -- Boulder Steel, an Australian company that is building a plant to make seamless tubes for the oil and gas industries in Australia as well as a seamless tube finishing facility in Sharjah , yesterday listed its ordinary shares on the Dubai International Financial Exchange (DIFX) .Carl Moser, Director and General Manager of Boulder Steel said: "As the region's international exchange, the DIFX is the ideal market for us to attract investors from across the Middle Eastern region. The exchange's close links to retail and wholesale brokers make it an excellent platform for Boulder Steel as we expand our business."
The company's market capitalisation is about $190 million and it is also listed on the Australian Stock Exchange (ASX) as well as exchanges in Germany. The DIFX will provide trading in the same pool of Boulder Steel shares as the ASX through a settlement link created by Computershare, the world's largest share registry.
Per E. Larsson, Chief Executive of the DIFX , said: "The 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 coming months from regional as well as international companies."
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