NEW YORK, Aug. 7, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Cyrela
Brazil Realty S.A. (BM&FBovespa: CYRE3; OTCQX: CYRBY), a
leading residential real estate development company in Brazil, has qualified to have its American
Depositary Receipts (ADRs) trade on OTCQX®, the best
marketplace.
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Cyrela begins trading today on OTCQX under the symbol "CYRBY,"
where each ADR represents one ordinary share. U.S. investors
can find current financial disclosure and Real-Time Level 2 quotes
for the company on www.otcmarkets.com.
"Cyrela has been housing the citizens of Brazil for over 50 years, earning a reputation
for quality and a commitment to its employees and community that
are characteristic of a global OTCQX company," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "We are excited to welcome Cyrela to the OTCQX
group of companies and wish the company continued success."
Paulo Goncalves, Head of Investor
Relations and Structured Finance at Cyrela, commented, "We are
pleased to upgrade our ADRs to the OTCQX marketplace. It is
an important step in ensuring company information is widely and
consistently available as well as providing our investors with
access to a transparent trading platform."
BNY Mellon serves as Cyrela's Principal American Liaison ("PAL")
on OTCQX, responsible for providing professional guidance on OTCQX
requirements.
Cyrela is a leading developer in the Brazilian residential real
estate market. The company develops residential and
commercial real estate buildings targeted at customers in all
income segments, with a focus on high-quality luxury residential
apartments. More than 200,000 families have chosen the solidity and
safety of Cyrela which has been growing for the last 50 years.
Currently, Cyrela has more than 10,000 employees and constantly
invests in people through its Corporate University and social
responsibility programs. The company contributes to
neighborhood improvements through urban enhancements and caring for
the environment through waste management undertaken at construction
sites. Cyrela makes a point of adding value to the life of
stakeholders.
Cyrela is satisfied to have built a respectful name and to have
become a synonym of quality, based on its achievements and
innovative history. Among the 50 most valuable brands in
Brazil, Cyrela has 200
construction sites in action in 67 different cities in 16 Brazilian
states and in the Federal District.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through our OTC
Link® ATS, we directly link a diverse network of broker-dealers
that provide liquidity and execution services for a wide spectrum
of securities. We organize these securities into marketplaces to
better inform investors of opportunities and risks – OTCQX®, The
Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC
Pink®, The Open Marketplace. Our data-driven platform enables
investors to easily trade through the broker of their choice at the
best possible price and empowers a broad range of companies to
improve the quality and availability of information for their
investors. To learn more about how we create better informed and
more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.