TORONTO-Royal Plastics Group Ltd. shares began trading on the New York Stock Exchange April 2 under the symbol RYG. The Toronto vinyl extrusion firm's president Vic DeZen said Royal's plan to expand globally means it needs broad access to capital. Royal also trades on the Toronto and Montreal stock exchanges. As of April 2 its 80 million multiple voting and subordinate voting shares outstanding represented market capitalization of more than US$1.2 billion.
Royal also said it closed a treasury issue of 5 million subordinate shares that netted it about US$76.9 million. The funds will be used to repay debt.