Connect with us

Press Releases

Sarine Technologies Joins TASE’s Dual Listed Companies

The shares of the company will also be traded on the Tel Aviv Stock Exchange, commencing July 5, 2021, under the ticker symbol: SARN.

mm

Published

on

(PRESS RELEASE) TEL AVIV — Sarine Technologies Ltd., a company that develops technologies for the analysis, cutting and polishing of rough diamonds, and for the grading, documentation and promotion of trade in polished diamonds, which is traded on the Singapore Exchange, published its listing documents on June 28, 2021, and will commence trading as a dual listed company on TASE starting on July 5, 2021, under the SARN ticker symbol.

Sarine Technologies created a precedence in 2005, as the first Israeli company to be listed on the Singapore Exchange. Now it is the first Israeli company listed on Singapore, executing a dual listing on TASE.

14 Innovative Showcase Strategies That Will Make Your Mind Whir [Photo Gallery]
Photo Gallery

14 Innovative Showcase Strategies That Will Make Your Mind Whir [Photo Gallery]

20 of the Funniest ‘The Jeweler’ Cartoons of All Time
Photo Gallery

20 of the Funniest ‘The Jeweler’ Cartoons of All Time

8 Jewelers Get Creative When Promoting Wedding Sales [Photo Gallery]
Photo Gallery

8 Jewelers Get Creative When Promoting Wedding Sales [Photo Gallery]

The market cap of the company’s shares is approximately NIS 675 million and at the end of trading on September 2, 2021, it is expected to join TASE’s TA-Growth, TA Tech-Elite, TA-Global BlueTech, TA-Technology and TA-Industrials indices.

Trading of the company’s shares on the SGX will continue and the company will be subject to the reporting and disclosure requirements of the Singapore Exchange. As part of the dual listing, the company will not be required to submit reports other than those required in Singapore.

Sarine is engaged in the development, manufacturing, marketing and sale of precision measuring devices for the planning, processing and grading and trading of diamonds. Among the products the company offers is an innovative technology for verifying the responsible origin and processing of the diamond, which is used by leading mining companies such as Russia’s Alrosa, the world’s largest producer, and Canadian Lucara, which is famous for its frequent discovery of extremely large diamonds in its Botswana mine.

Daniel Glinert, chairman of the Board of Directors of Sarine Technologies: “For more than fifteen years, since our IPO on April 8, 2005, the shares of the company have been traded in Singapore. This has been a meaningful and important period for us as a company and we are proud to continue being traded on the Singapore Exchange, as our first and primary exchange.We believe that the dual listing on TASE will increase the company’s exposure to a broader base of investors, improve the share’s liquidity and create value for the shareholders. We also believe that dual listing at this point in time is particularly appropriate in view of the significant recovery of the company’s business following the coronavirus outbreak and the growing interest in our solutions for polished diamonds, which document the diamond from mining, across the production chain and through to the retail sale, where the documentation is made available to both the retailer and the consumer. Additionally, our groundbreaking e-GradingTM initiative, for the AI-based grading of diamonds on the premises of the producer, eliminating the costs and delays of inspection by third-party labs (which recently has grown to nearly two months), which is planned to be launched in the second half of the year, has been creating a buzz.”

Advertisement

Ittai Ben Zeev, CEO of TASE comments, “We congratulate Sarine, the first company that chose to join TASE as part of the dual listing with the Singapore Exchange. TASE offers multiple benefits for the company, the investors and the Israeli economy, and I am glad that the company has elected to become a part of the home of the Israeli economy. Any Israeli company that is traded overseas should partake in the Israeli capital market, and I am confident that we will shortly be seeing a growing number of companies take this step and join TASE.”

www.sarine.com

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

Promoted Headlines

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Facebook

Latest Comments

Most Popular