BEIJING, Apr.14--With the steady recovery of overseas IPOs starting last year, the need to communicate with worldwide investors also soared. In Q1, 15 Chinese enterprises that went public overseas, including China Hydroelectric Corporation, Daqo Group, Jinko Solar and Century21 China, have signed long term agreements to use PR Newswire Asia's disclosure and investor communications services, the recognized disclosure vehicles for stock markets worldwide.
Data shows a total of 77 Chinese IPOs took place overseas, raising US$27.139 billion. The companies listed on overseas markets are not only obliged to follow the strict information disclosure rules, but must also update their shareholders, stakeholders, and the general public with company information in time to ensure transparency and public recognition, and boost brand awareness and stock liquidity.
PRN Asia is the only information distribution services provider with round-the-clock operations teams providing information disclosure and investor communications services to public companies in China. The services include press distribution, Edgar filings, financial service typesetting & printing, conference call webcasts, and IR website hosting.
During seven years of operation in China, PRN Asia's services have become highly valued by Chinese companies listed overseas, and PRN Asianow services 230 clients that have gone public on various stock exchange markets around the globe, including the NYSE, NASDAQ, and LSE.
In order to better support local clients in China and provide more information investor communications services, PRN Asia continues to introduce world leading new technologies and communications tactics. On January 14th, PR Newsswire and Ipreo formed a strategic alliance agreement whereby Ipreo's BD Corporate platform will be integrated with PR Newswire's suite of investor relations solutions to bring to market a complete set of investor relations tools and services designed to enable companies to effectively manage the full spectrum of market strategy and public company communications. Additionally, the companies have agreed to work together to incorporate XBRL (eXtensible Business Reporting Language) data and tools from EDGAR Online within investor communications products offered by PR Newswire. PR Newswire and EDGAR Online, Inc. (Nasdaq: EDGR) jointly announced that they have agreed to work together to deliver next-generation compliance and communications offerings based on XBRL technology. As part of the agreement, PR Newswire will offer EDGAR Online's industry-leading XBRL tagging and filing services as part of their extensive SEC compliance offerings.
