China Architectural Engineering, (AMEX:RCH)
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From May 2019 to May 2024
China Architectural Engineering, Inc. (CAE) (AMEX:RCH), a leader in the
design, engineering, fabrication and installation of high-end building
envelope systems, today announced its Board of Directors has approved
the decision to move the listing of its common stock from the American
Stock Exchange to The NASDAQ Stock Market LLC®.
Effective June 9, 2008, the Company will trade on the NASDAQ Global
Select Market under the ticker symbol “CAEI.”
“As one of the world’s
most innovative and fastest growing architectural companies, our move to
NASDAQ further demonstrates our commitment to enhance shareholder value,”
said Ken Yi Luo, China Architectural Engineering’s
Chairman and CEO. “We view our ability to
meet the superior listing standards of the NASDAQ Global Select Market
as a significant achievement for CAE. This decision was reached after
careful consideration of capital market alternatives and analysis of the
electronic market model, which provides added exposure and liquidity to
our investors. As the world’s largest
electronic stock market, we believe that NASDAQ’s
electronic multiple market maker structure will provide CAE with
enhanced exposure, liquidity and a broader investor base,”
concluded Mr. Luo.
To be added to China Architectural Engineering’s
investor lists, please contact Haris Tajyar at htajyar@irintl.com
or at 818-382-9702.
About NASDAQ
NASDAQ® is the largest U.S. electronic stock
market. With approximately 3,200 companies, it lists more companies and,
on average, its systems trade more shares per day than any other U.S.
market. NASDAQ is home to companies that are leaders across all areas of
business including technology, retail, communications, financial
services, transportation, media and biotechnology. NASDAQ is the primary
market for trading NASDAQ-listed stocks. For more information about
NASDAQ, visit the NASDAQ Web site at www.nasdaq.com
or the NASDAQ NewsroomSM at www.nasdaq.com/newsroom.
About China Architectural Engineering, Inc.
China Architectural Engineering, Inc. (CAE) (AMEX:RCH), which began
operations in 1992, has maintained a leading position in the global
commercial construction industry by providing timely, high-quality,
reliable, fully integrated and cost-effective service solutions to its
clients utilizing specialized technical expertise in the design,
engineering, fabrication and construction of structural exterior
cladding systems. It specializes in high-end curtain wall systems
(including glass, stone & metal curtain walls), roofing systems, steel
construction systems, eco-energy saving building conservation systems
and related products, for public works and commercial real estate
projects.
CAE has worked with world-renowned architects and building engineers
from China and other countries and has completed over 100 large, complex
and unique projects throughout China, Hong Kong, Macau, Australia and
Southeast Asia, including numerous award-winning landmark buildings in
many of Asia’s major cities. It is now
capitalizing on its industry-leading expertise by expanding aggressively
beyond China into some of the most active construction markets in the
world, including the Middle East, Central Asia, United States and
Eastern Europe.
For further information on China Architectural Engineering please visit www.caebuilding.com.
Forward Looking Statements: In addition to historical
information, the statements set forth above include forward-looking
statements that may involve risk and uncertainties that could cause
actual results to differ materially from those in the forward-looking
statements. Such risks and uncertainties include, but are not limited
to, uncertainty of contract negotiations and payments under existing
contracts, the Company’s dependence on
government contracts, changes in the laws of the PRC that affect the
Company’s operations, fluctuation and
unpredictability of costs related to the Company’s
products and services, the Company’s
dependence on the steel and aluminum markets, reduction or reversal of
the Company’s recorded revenue or profits due
to “percentage of completion”
method of accounting and expenses and costs associated with the issuance
of convertible bonds. The forward-looking statements are also identified
through use of the words “believe,”
“enable,” “may,”
“will,” “could,”
“intends,” “estimate,”
“anticipate,” “plan,”
“predict,” “probable,”
“potential,” “possible,”
“should,” “continue,”
and other words of similar meaning. Actual results could differ
materially from the expectations contained in forward-looking statements
as a result of several factors, including regulatory approval
requirements and competitive conditions. These and other factors that
may result in differences are discussed in greater detail in the Company’s
reports and other filings with the Securities and Exchange Commission.