O2Micro International Ltd. announced its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"). It is the first NASDAQ company to pursue a dual primary listing on the Main Board of the SEHK. The listing is by way of introduction and no new shares will be offered as part of the listing.
Dealings in the Shares on SEHK are expected to commence on March 2, 2006. Shares will be traded in board lots of 2,000 each. Morgan Stanley Dean Witter Asia Limited is the sponsor.
"We believe that the listing in Hong Kong, in addition to our existing quotation on the NASDAQ, is a significant step in our long-term strategic development because it reflects the increasing importance of Asia, particularly Greater China, to our business. As the portion of our operations, customer base and supply chain based in Asia continues to grow, we believe that a listing in Hong Kong will benefit us and our shareholders," said Mr. Sterling Du, CEO of O2Micro International.
Looking ahead, the Company aims to expand its role as a leading supplier of power management integrated circuits and penetrate the high growth market for internet security applications by strengthening relationships with market-leading vendors, leveraging technology expertise to anticipate customer demand and develop next-generation products with long life cycles, protecting intellectual property, expanding investment in supply chain and expanding its presence in the PRC.
"We believe that the proposed listing in Hong Kong is complementary to our growth in Asia. It will enhance our profile among Asian investors, broaden our shareholder base geographically and increase liquidity in our shares in the long run," concluded Mr. Du.
