Heritage Printing Technology Corp. (OTC Pink: HAGE) is engaged in information technology (IT) consulting and outsourcing for enterprise clients and the Canadian government. Among consulting services offered for IT include: security, audit, management, and more. Shares of Heritage Printing Technology Corp. are down nearly 40% during afternoon trading on Thursday, September 15, 2016. Over the past three months, the IT consulting firm has seen average daily volume of 11,411 shares. However, nearly 117,400 shares or dollar volume of $27,589, has already exchanged hands through afternoon trading Thursday.
Shares of Heritage Printing Technology Corp. are sliding today, after management announced they are seeking to begin the process of listing the company on Hong Kong’s HKEx Growth Enterprise Market (GEM). The GEM exchange is seen as a “stepping stone” towards listing on Hong Kong’s main exchanges. Here is the press release of the Hong Kong listing plans:
Heritage Printing Technology Corp. Press Release:
HONG KONG, Sept. 15, 2016 /PRNewswire/ — Heritage Printing Technology Corp. (HAGE)
The Company is pleased to announce they have instructed counsel to begin the due diligence process of admission to the HKEx Growth Enterprise Market (GEM). The Hong Kong Exchange operates two markets on which companies may choose to list their shares: the Main Board and the Growth Enterprise Market (GEM).
The industries of companies listed on the Main Board range from conglomerates and banks to utilities and property plays. The GEM board is a stepping stone to the main board and has a streamlined transfer process to the main board upon meeting admission and continuing obligation requirements on the GEM.
With diversified markets, both international and Mainland companies increasingly choose to list in Hong Kong – the influential gateway to the Chinese and international communities – to enhance their brand awareness and visibility.
HKEx has the strength to access capital in the world-class business environment supported by a robust banking and financial infrastructure empowers HKEx becoming the listing venue of choice.