NEW YORK--(BUSINESS WIRE)--Madison Williams and Company, an integrated capital markets and investment banking firm, announced its sponsorship as Principal American Liaison (PAL) for Singapore based Rotary Engineering on the OTCQX International platform. Effective today, Rotary Engineering’s ADRs are available for trading in the United States on OTCQX International under the symbol “ROTGY.” Each ADR represents 20 ordinary shares listed on the Singapore Exchange under the symbol “R07”.
“As one of Asia’s leading performers in oil and gas infrastructure services, rapidly expanding international companies like Rotary Engineering receive strong appreciation in terms of opportunity and valuation by the U.S. investment community”, said Stephen Nash, Managing Director and Head of Madison Williams’ OTCQX Advisory Group. “The OTCQX marketplace is ideal for companies like Rotary Engineering, making it dramatically easier for U.S. investors to get involved without the high costs of a traditional U.S. exchange listing. At Madison Williams, we have extensive experience working with both established and rapidly emerging international companies listed on the OTCQX, supporting their strategic initiatives in the U.S marketplace.”
As part of Madison Williams’ Principal American Liaison sponsorship, the firm has been retained to provide a suite of capital markets services and will provide the PAL compliance function for Rotary Engineering’s listing on the OTCQX International. Madison Williams’ suite of services distinguishes its PAL sponsorship program by providing the highest level of client service, integration and coordination among the firm’s institutional sales, trading, research and investment banking departments.
The OTCQX is a highly visible trading platform that has attracted more than 160 companies since its inception in early 2007. Built on a robust electronic quotation and trading platform, the OTCQX International has emerged as the world’s premier cross‐listing venue for international issuers that wish to benefit from U.S. trading and investor demand without diluting their current shareholder base. In just over three years, the OTCQX has grown to include more than $900 billion in companies traded on the market.
About Rotary Engineering
Rotary Engineering Limited (SGX: R07) is a leading provider of engineering, procurement, construction and maintenance (EPCM) services specialising in the Oil & Gas industry. Headquartered in Singapore, Rotary has established a strong presence in the Asia Pacific region and continues to make its mark as a global player. Established in 1972, the Rotary Group has forged a reputation built on its hallmark traits of providing quality services, within budget and on time. It prides itself on a highly‐skilled workforce that forms the mainstay of its core EPCM services. The Group today boasts a total strength of over 7,800 employees, and has built an enduring relationship with its clients, among which include Oiltanking, ExxonMobil Asia Pacific, Thai Tank Terminal, Xiamen Paktank and local company Hin Leong Trading. Singapore remains a key market for Rotary and it actively seeks business opportunities overseas. Today, it has a presence in Malaysia, Thailand, Indonesia, India, Australia, China and the Middle East.
Rotary Engineering Limited was listed on the mainboard of the Stock Exchange of Singapore since 1993. Rotary was the winner for "Most Transparent Company" in the Construction Category at the SIAS Investors' Choice Awards 2007. In 2008, Rotary was the winner in the Enterprise category of the Singapore Business Awards which was jointly organised by the Business Times and DHL Worldwide Express Singapore. At the Singapore Corporate Awards 2009, Rotary’s Chairman and Managing Director, Mr Chia Kim Piow (谢金标), won the Joint Best Chief Executive Officer for 2008 in the "S$300 million to less than S$1 billion in market capitalisation'' category.
About Madison Williams
Madison Williams is a privately held integrated capital markets and investment banking firm offering advisory services, equity sales, trading, and research services to institutional and corporate clients. Headquartered in New York, the firm has more than 100 employees in seven major offices, including New York, Houston, Washington D.C, New Orleans, Boston, Chicago and San Francisco. For more information about Madison Williams, contact 212‐317‐2707, or log on to http://www.madisonwilliams.com