One company that is on the rise is L & L Energy, Inc. Located in Seattle, Washington and incorporated in Nevada, L & L is a successful coal-mining that was founded in 1995. The young company has placed their focus on serving the energy market in China and has been very successful through its subsidiaries. Today, L & L took a major step towards enhancing their future with the announcement that they have been approved for listing on the NASDAQ Global Market.
The move to the NASDAQ Global Market is a sign that L & L could evolve into a far-reaching power in the very near future. Trading on the NASDAQ is expected to take effect on February 18 and the company will still be traded under their current symbol: LLEN.
One of the major reasons L & L has been able to make this transition is the tireless work of their Chairman Dickson Lee. Lee is a noted name in the industry and founded the company in 1995. Lee has extensive management experience with NYNEX (now Verizon), KPMG and other US companies in New York. Besides his effort with L & L, Lee is currently a CPA in Washington State and has served as a judicial member of the Hong Kong SEC Insider Dealing Tribunal (a trial court) for six years.
When asked about the impact of L & L’s move to the NASDAQ Global Market, Lee was quoted as saying, “Our move to a senior exchange is a significant milestone for our company, and is the result of our continued strong growth and diligent efforts to vertically integrate our coal mining operations in China. A NASDAQ listing will increase market visibility and improve liquidity for our shareholders.”
Currently, L & L is trading in the $6.85 range and the common shares of the company will continue to trade on the Over-the-Counter Bulletin Board until the listing change is completed.
The impact of the move to a senior exchange could produce a great deal of new investors and brings more credibility to an already growing company which may allow L & L to evolve into a global power.
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