NEW YORK, April 1, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Shiseido
Company, Ltd. (TSE: 4911; OTCQX: SSDOY), the leading Japanese
cosmetics manufacturer, has chosen to have its American Depositary
Receipts (ADRs) trade on OTCQX®, the best marketplace with
qualified companies.
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Shiseido begins trading today on OTCQX International Premier, a
segment of the OTCQX marketplace reserved for world-leading
non-U.S. companies that are listed on a qualified international
exchange and provide their home country disclosure to U.S.
investors. U.S. investors can find current financial
disclosures and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are pleased to welcome Shiseido, one of the world's largest
cosmetics and beauty companies and a respected Japanese brand, to
the OTCQX marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group. "By
joining OTCQX, Shiseido ensures its U.S. investors will have
transparent trading and convenient access to its news and financial
disclosure, making it easier for them to analyze, value and trade
its securities. We look forward to working with Shiseido's
management team as they continue to grow their presence in the U.S.
market."
BNY Mellon serves as Shiseido's Principal American Liaison
("PAL") on OTCQX, responsible for providing professional guidance
on OTCQX requirements.
Shiseido Company Ltd. is the parent company of a group engaged
in the manufacture and sale of cosmetics. Shiseido's primary
products include make-up, skin-care products, hair/body-care
products, cosmetic accessories, and other toiletries. The
company's brand names include "Global SHISEIDO," "cle de peau
BEAUTE," "bareMinerals," "SENKA," "TSUBAKI," "NARS," "Za," "BEAUTE
PRESTIGE INTERNATIONAL," "IPSA," and "ettusais." Shiseido
also manufactures beauty salon-use hair products, pharmaceuticals,
and dietary supplements.
Shiseido will trade in the U.S. on OTCQX under the symbol
"SSDOY," where each ADR represents one ordinary share.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through
our OTC Link® ATS, we directly link a diverse network of
broker-dealers that provide liquidity and execution services for a
wide spectrum of securities. We organize these securities
into marketplaces to better inform investors of opportunities and
risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Stage
Marketplace; and OTC Pink®, The Open Marketplace. Our
data-driven platform enables investors to easily trade through the
broker of their choice at the best possible price and empowers a
broad range of companies to improve the quality and availability of
information for their investors. To learn more about how we
create better informed and more efficient financial marketplaces,
visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
SOURCE OTC Markets Group Inc.
