JAKARTA - PT Medco Energi Internasional Tbk (MEDC) announced that the Company's Sponsored American Depositary Receipts (ADR) has been traded on OTCQX
For information, the OTCQX Best Market allows companies listed on eligible international exchanges to take advantage of market reporting of origin in providing financial information that is easily accessible to investors in the United States.
Companies listed on OTCQX must meet high financial standards, implement good governance practices, and comply with applicable capital market regulations.
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MedcoEnergi CEO Roberto Lorato said this step was an important achievement in MedcoEnergi's capital market strategy.
"Through this initiative, the Company provides efficient and structured access for equity investors in the United States to trade the Company's shares through regulated and transparent platforms," said Roberto, Saturday, November 22.
He added, as the first Indonesian issuer to be listed on OTCQX, MedcoEnergi continues to increase visibility and accessibility for international investors.
"This strengthens our investor base, increases liquidity for our shareholders on the Indonesia Stock Exchange, and supports the Company's long-term value creation strategy," said Roberto.
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