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ADY Feihe International, Inc.

7.38
0.00 (0.00%)
25 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Feihe International, Inc. NYSE:ADY NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.38 0.00 00:00:00

American Dairy Announces Transfer of Listing to the NYSE

04/06/2009 2:00pm

PR Newswire (US)


Feihe International, Inc. (NYSE:ADY)
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BEIJING and LOS ANGELES, June 4 /PRNewswire-FirstCall/ -- American Dairy, Inc. (NYSE Arca: ADY) ("American Dairy" or the "Company"), one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, today announced that it is in the process of transferring the listing of its common stock from the NYSE Arca, Inc. to the New York Stock Exchange ("NYSE"). The Company has received a letter from the NYSE authorizing the listing of its common stock, and anticipates that the trading of its stock on the NYSE will begin on or about June 8, 2009, under its current symbol, "ADY." Mr. Leng You-Bin, the Company's Chief Executive Officer, stated, "We are extremely pleased about our pending transfer to the NYSE. Trading on the NYSE has always been one of our long term goals and we believe this move is in the best interest of our Company and our shareholders." About American Dairy, Inc. American Dairy, Inc. (NYSE Arca: ADY) is one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice walnut products in the People's Republic of China. American Dairy conducts operations in China through its wholly owned subsidiary, Feihe Dairy. Founded in 1962, Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Shanxi, and Langfang. Using proprietary processing techniques, American Dairy makes products that are specially formulated for particular ages, dietary needs and health concerns. American Dairy has over 200 company-owned milk collection stations, six production facilities with an aggregate milk powder production capacity of approximately 1,220 tons per day and an extensive distribution network that reaches over 50,000 retail outlets throughout China. For more information about American Dairy, please visit http://www.americandairyinc.com/. Cautionary Note Regarding Forward-Looking Statements This document contains forward-looking information about the Company's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about the Company's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. Because these forward-looking statements are subject to a number of risks and uncertainties, the Company's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2008, quarterly report on Form 10-Q for its first quarter in 2009, and in current reports on Form 8-K filed with the United States Securities and Exchange Commission and available at http://www.sec.gov/. The Company assumes no obligation to update any such forward-looking statements. CONTACT Integrated Corporate Relations, Inc. In the United States: Ashley Ammon: 203-682-8200 In China: Wei-Jung Yang: 86-10-6599-7968 DATASOURCE: American Dairy, Inc. CONTACT: Ashley Ammon, +1-203-682-8200, or, China, Wei-Jung Yang, +86-10-6599-7968, both of Integrated Corporate Relations, Inc., for American Dairy, Inc. Web Site: http://www.americandairyinc.com/

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