26th Sep 2014 09:24
LONDON (Alliance News) - Green Dragon Gas Ltd Friday said it intends to apply for a main market listing in London and will cancel its listing on AIM.
Green Dragon, the coal-bed methane gas company, said it believes a main market listing is the most appropriate platform for the company's growth as it will boost the liquidity of its shares and provide a greater range of potential investors.
The company said the AIM cancellation and the issue of new shares is expected to happen on or around October 27.
"Green Dragon has been served well by AIM since its admission on 16 August 2006 and the Board believes that a move to London's Main Market now will provide the Company with a larger liquid market with an enhanced profile and an appropriate platform for future growth," said Green Dragon Chairman Randeep Grewal.
By Sam Unsted; [email protected]; @SamUAtAlliance
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