Cavico Corporations, a young Vietnamese Company that has gained a global reputation as a leading infrastructure development company, reached a major milestone in its history with the announcement that their common stock has been approved for listing on the NASDAQ Capital Market under the ticker symbol CAVO. Trading on the NASDAQ Capital Market commenced today.
When asked about the impact on Cavico, Mr. Ha Quang Bui who serves as the company’s CEO was quoted as saying, “We are extremely proud to be the first Vietnamese company to be approved for listing on a U.S. national securities exchange and are gratified to have reached this significant milestone in the Company’s history. Cavico has consistently communicated to shareholders its intention to obtain a listing for its securities on a U.S. national securities exchange. We believe this will provide greater visibility and liquidity for our stock and that this accomplishment demonstrates to our shareholders our commitment to meeting the goals and objectives set forth by management.”
Mr. Quang went on to say, “Following a comprehensive evaluation of all U.S. exchanges, we determined that The NASDAQ Capital Market was the best fit for Cavico Corp. The listing procedure was a rigorous process, specifically the due diligence conducted by NASDAQ. Cavico Corp. has met and will remain subject to all the NASDAQ listing requirements.”
To help reach this major achievement, Cavico employed Rodman & Rensaw LLC. (NASDAQ: RODM), which is a full service investment back dedicated to providing corporate finance and strategy, as well as Sichenzi Ross Friedman Ference LLP, which is a leading securities firm specializing in small and mid-cap public companies.
The NASDAQ Capital Market is the largest U.S. equities exchange, with approximately 3,200 member-companies. Nasdaq-listed companies are leaders across all areas of business including industrials, technology, retail, communications, financial services, transportation, media, and biotechnology.
With the listing on the NASDAQ, Cavico is blazing the trail as a pioneer amongst Vietnamese companies breaking new ground in the United States as the first such company to list on a U.S. National Securities Exchange. Cavico is certainly a stock that is worth keeping an eye on.
Tell us your thoughts below: