American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Catherine Chantharaj |
AMERICAN STOCK EXCHANGE LISTS UNITS OF NORTH ASIA INVESTMENT CORP.
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New York, July 24, 2008 — The American Stock Exchange® (Amex®) today listed the units of North Asia Investment Corp. under the ticker symbol NHR.U. The offering size is 5,000,000 units at $10.00 per unit for gross proceeds of $ 50,000,000 (excluding the underwriters’ over-allotment option). Each unit consists of one share of common stock and one warrant. Initially, the units will be the only security trading. Citigroup Global Markets Inc. is the lead underwriter with EarlyBirdCapital, Inc., I-Bankers Securities, Inc., and Ladenburg Thalmann & Co. Inc. as co-mangers on the IPO. Based in Seoul, Korea, North Asia Investment Corp. is a newly organized company formed for the purpose of acquiring, through a merger, share exchange, asset acquisition, plan of arrangement, recapitalization, reorganization or similar business combination, one or more operating businesses. The Company’s efforts in identifying a prospective target business will not be limited to a particular industry or geographic location. They do initially intend to focus their search on target businesses that have their principal operations located in Asia with a particular emphasis on the Republic of Korea and the People’s Republic of China. “We are pleased to welcome North Asia Investment Corp. to the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of Amex. “The Amex looks forward to supporting North Asia Investment as it seeks to convey its value proposition to a greater number of investors.” The specialist in North Asia Investment Corp. is Cohen Specialist, LLC. For further information on NHR.U and other Amex-listed companies, please visit www.amex.com. | ||
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 416 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.