OTC Markets Group Welcomes Aesthetic Medical International Holdings Group Ltd. to OTCQX

Rhea-AI Summary

OTC Markets Group has announced that Aesthetic Medical International Holdings Group (OTCQX: PAIYY), a leading provider of aesthetic medical services in China, has qualified to trade on the OTCQX® Best Market. The company upgraded from the Pink® market and begins trading under the symbol “PAIYY.” This upgrade allows U.S. investors to access current financial disclosures and real-time Level 2 quotes on www.otcmarkets.com. Companies listed on OTCQX must meet high financial standards, adhere to best practice corporate governance, and comply with relevant securities laws.

Positive

• Aesthetic Medical International Holdings Group upgraded to the OTCQX® Best Market, enhancing transparency and potentially increasing investor confidence.
• Trading on OTCQX allows U.S. investors to access real-time financial data and disclosures, improving market visibility.

Negative

• The transition to OTCQX may involve increased regulatory compliance costs.

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Aesthetic Medical International Holdings Group Ltd. (OTCQX: PAIYY), a leading provider of aesthetic medical services in China, has qualified to trade on the OTCQX® Best Market. Aesthetic Medical International Holdings Group Ltd. upgraded to OTCQX from the Pink® market.

Aesthetic Medical International Holdings Group Ltd. begins trading today on OTCQX under the symbol “PAIYY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.  

About Aesthetic Medical International Holdings Group Ltd.
AIH, known as "Peng'ai" in China, is a leading provider of aesthetic medical services in China. AIH operates through treatment centers that are spread across major cities in mainland China, with a major focus on the Guangdong-Hong Kong-Macau Greater Bay area and the Yangtze River Delta area. Leveraging over 20 years of clinical experience, AIH provides one-stop aesthetic service offerings, including surgical aesthetic treatments, non-surgical aesthetic treatments, general medical services, and other aesthetic services. For more information regarding the Company, please visit https://ir.aihgroup.net/.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What is the new stock symbol for Aesthetic Medical International Holdings Group on OTCQX?

The new stock symbol is PAIYY.

When did Aesthetic Medical International Holdings Group begin trading on OTCQX?

The company began trading on OTCQX on July 10, 2024.

What are the benefits of Aesthetic Medical International Holdings Group upgrading to OTCQX?

Upgrading to OTCQX provides enhanced transparency, improved investor confidence, and access to real-time financial data for U.S. investors.

What does OTCQX stand for?

OTCQX is a market operated by OTC Markets Group that requires high financial standards, best practice corporate governance, and compliance with securities laws.