Sinotel Technologies Ltd. Obtains American Depository Receipt Ticker 'SNOXY'
BEIJING, Nov. 3 /PRNewswire-Asia/ -- Sinotel Technologies, Ltd. (Singapore
Exchange: D3W and ADR: SNOXY) ("Sinotel" or "the Company"), an innovator of
wireless telecommunications infrastructure and solutions in China, has
selected BNY Mellon as the depositary bank for its American Depositary Receipt
("ADR") program. Each Sinotel ADR represents 20 ordinary shares and trades on
the over-the-counter (OTC) market under symbol "SNOXY." Additional information
of Sinotel's ADR profile can be retrieved on BNY Mellon's website, under
http://www.bnymellon.com/dr .
Mr. Li Zhen Yu, CEO of Sinotel, said, "After several months of hard work,
this maiden transaction finally marks the successful quoting of our ADRs in
the US. We are pleased to participate on this level with US investors and look
forward to expanding our investor base in the US."
About Sinotel Technologies Ltd.
Founded in 2002, Sinotel Technologies was listed on the Main Board of the
SGX-ST on November 12, 2007. The Company is a wireless telecommunications
innovator that provides a wide range of customized applications and solutions
across the telecommunication value chain in eight major provinces. Sinotel
Technologies services the major telecommunications companies including China
Unicom and China Mobile. The Group's key Network Infrastructure Solution is
its proprietary multi-carrier wireless system, which enhances customers'
wireless telecommunication networks and is compatible with various
communication networks such as GSM, CDMA, PHS and WLAN as well as 3G networks
such as WCDMA and CDMA2000. The Company's Network Support Solutions can be
integrated into existing telecommunication network infrastructure to deploy
new and enhanced voice communication services for wireless communication users
and manage provision of increasingly popular value-added data services. For
more information, please visit its website at http://www.sinotel.com.sg .
About BNY Mellon
BNY Mellon is the corporate brand of The Bank of New York Mellon
Corporation (NYSE: BK). BNY Mellon is a global financial services company
focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $20.7 trillion in
assets under custody and administration, $926 billion in assets under
management, services $11.8 trillion in outstanding debt, and processes global
payments averaging $1.8 trillion per day. Additional information is available
at http://www.bnymellon.com .
For further information, please contact:
Company:
Ben Ng, VP, Corporate Communications
Tel: +65-9168-9988
Email: ben@sinotel.com.sg
Investor Relations:
John Mattio
HC International, Inc.
Tel: +1-914-669-5340 (US)
Email: john.mattio@hcinternational.net
Web: http://www.hcinternational.net
SOURCE Sinotel Technologies, Ltd.
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