Citi has been appointed as depositary for the follow-on $365 million offering of AU Optronics Corporation (AUO) for its American Depositary Receipt (ADR) program.
Citi has been the depositary bank for AUO's ADR program since its inception in May 2002. AUO's ordinary shares are traded on the Taiwan Stock Exchange under stock ticker 2409, while each ADR represents 10 ordinary shares and trades on the New York Stock Exchange under the symbol AUO.
AUO is a producer of TFT LCD panels for companies like Apple, Dell and Samsung.
"We are very proud of our relationship with AUO which now spans over one decade and look forward to it continuing," says Dirk Jones, Securities and Fund Services Sales Head at Citi.
Citi has depositary receipt programs in 55 markets.