Tuesday, March 25, 2008

Chinese Corn Oil Company Raises Capital on NYSE Euronext's Alternext Exchange

The NYSE Euronext (NYSE: NYX) has been a magnet for Chinese mainland companies, as 44 of them have listings with the exchange. The total value of those combined companies are $1.5 trillion. There are 58 companies overall from the Chinese region.

The first company from mainland China to raise funds on the exchange is the China Corn Oil company, which specialized in corn oil. They raised $7.8 million. Raised through a private placement, now China Corn Oil will have direct access to the exchange

NYSE Euronext's Alternext exchange caters to smaller and mid-sized companies.

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