J.P. Morgan has been re-appointed as depositary bank for Korea Electric Power Corporation (KEPCO)’s American Depositary Receipt (‘ADR’) program, which is one of the largest programs in the Asia Pacific region to date. J.P. Morgan has been KEPCO’s depositary bank since 2004.
South Korea-based KEPCO is one of the fastest growing utilities company in the world. The Group’s principal activities are the transmission and distribution of electricity to industrial, general, residential, educational, agricultural, and street lamp sectors.
“We are honored to be re-appointed as depositary bank for KEPCO. We have been enjoying a successful, long-standing relationship with KEPCO and look forward to supporting KEPCO’s efforts to expand its global profile and particularly its visibility within the U.S. investor community,” says Kenneth Tse, Asia Pacific head of J.P. Morgan’s depositary receipts group.
“J.P. Morgan’s world-class advisory service and its ability to provide tailor-made solutions were key factors in our decision to continue working with them on this program. We are confident in their ability to help us raise our profile among the U.S. investor community,” says MW Kim, finance director at KEPCO.
J.P. Morgan launched the first depositary receipt program in Asia in 1961 for Sony and serves as depositary bank for leading companies throughout the region.
J.P. Morgan provides ADR services to non-U.S. issuers seeking to have their equity traded in the U.S. stock markets. J.P. Morgan’s primary services include ADR Issuances and Cancellations, Stock Transfer, Tender and Exchange Offer and Subscription Rights Agency services, and Tax Reclamation services for investors.
J.P. Morgan also offers a wide range of value-added Investor Relations and Advisory services, with the goal of facilitating the liquidity, ownership and visibility of its clients’ depositary receipt programs.
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