Security firm to list in Dubai

Shenzhen-based China Security and Surveillance Technology (CSST) has been approved to list on the Dubai International Financial Exchange (DIFX), the first Chinese company to list on the bourse.

CSST listed on the New York Stocks Exchange in 2007 and will also be the first NYSE-listed company to have its shares traded in the United Arab Emirates, it said in a statement. It expects to list by Oct 13.

"The move will provide us with wider market access and a significantly higher profile in the Middle East," Terence Yap, the company's vice-chairman and chief financial executive, said.