The Colombia Stock Exchange (BVC) said it authorized the registration of Tecnoglass Inc. common shares, the Colombian company specializing in processing and marketing of glass. Registration will take place on January 6, 2016.
Tecnoglass, headquartered in Barranquilla, arrived at the New York’s Nasdaq stock market in 2014, where large technology companies like Facebook and Google are traded.
The company has presence in eight American countries, including the United States, where they have developed projects such as the Fordham University facade in New York.
Additionally Tecnoglass released the first nine months of 2015 recorded sales of COP $ 308 000 million, which represents an increase of 70.9% compared with the same period the previous year.
Even though, to enter Nasdaq, Tecnoglass, had to undergo rigorous scrutiny of its accounts, the BVC emphasized that the inscription of double listing "does not imply certification of the value or the solvency of the issuer."
Source: El Espectador