Mobile social networking platform developer MOKO.mobi (ASX:MKB) has completed the establishment of an American Depository Receipt (ADR) program, and is ready to list on the US OTC market.
The company, which established its ADR with the Bank of New York Mellon, will trade on the OTC market under the ticker code MOKOY.
“The ADR program allows investors located in the United States the ability to invest in MOKO.mobi in real time,” managing director Ian Rodwell.
The company's social networking platform has been gaining traction in the US, Rodwell added, with the company having already scored contracts with major operators AT&T and Verizon.
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