Nicosia, Cyprus, February 14, 2018- SGCI is pleased to announce that it has signed a framework agreement with the Cyprus law firm LLPO through our subsidiary, Danish Scandic Markets ApS.
LLPO is the official designated advisor of the Cyprus Stock Exchange, working together with Scandic Markets under the official trademark name "Scandic Markets" in Cyprus. We will work together with LLPO as the listing sponsor to complete the listing work on the emerging company market - the Cyprus Stock Exchange.
Mr. DS Chang, President and CEO of SGCI, said, "I am pleased to have reached this framework agreement with LLPO as it provides the possibility for our investments to be listed on a well-known stock exchange in the European Union. This allows us to finance these investments and fully utilize their market potential
The Cyprus Stock Exchange is rapidly becoming the leading professional securities exchange in the region, serving as a gateway for small cap and non European issuers to enter the EU capital market. With a high focus on niche markets, the Cyprus Stock Exchange is steadily gaining recognition as a tempting and highly credible EU listing jurisdiction and high-quality ancillary service provider. The benefits brought by the improvement of the economic environment and the increase in business activities in Cyprus have also permeated the Cyprus Stock Exchange, arousing strong interest from international investors. The growth of certain economic sectors, such as the banking industry, has seen a significant influx of foreign investment from the private sector, injecting strong confidence into the market and creating new opportunities for the future. As an exchange regulated and recognized by the European Union, listing on the Cyprus Stock Exchange provides investors with a better financial image and credibility.