Novartis Life Holdings Co., Ltd. (hereinafter referred to as Novartis Furniture ) was listed on the NASDAQ under the new code (NVFY), becoming the first company in Dongguan to land on NASDAQ, and the first in the domestic furniture industry to be listed on NASDAQ. company of.
Novartis Furniture is a Hong Kong-funded enterprise established in 1991 with a production base in Dongguan Daokou. Wang Yayun, general manager of Novartis Furniture, told reporters that after the transfer to Nasdaq, he will make full use of the capital advantage to develop e-commerce platform and channel construction, and strive to build a vertical e-commerce platform for the furniture industry; at the same time, accelerate the pace of information transformation of offline production lines. To achieve more than 40% capacity expansion to meet the expanding domestic and overseas market demand.
Wang Yayun, general manager of Novartis Furniture, told reporters that Nasdaq is a global capital platform. Listing on NASDAQ will help Novartis Furniture to obtain better financing opportunities and develop domestic businesses with global capital. “At the same time, I also hope to create the brand effect of 'Dongguan Manufacturing'.â€
According to industry insiders, OTCBB is an off-exchange counter trading system with scattered, small-scale, simple listing procedures and low cost characteristics, making it the preferred location for Novartis Furniture to go public in the US. The Nasdaq market is one of the world's largest stock exchanges, and the fastest growing, Novartis furniture can be listed on the Nasdaq, will help it get more capital attention.
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