J.P. Morgan has announced that it has been appointed depositary bank by Catcher Technology for the companys $220 million Global Depositary Receipt (GDR) listing, a deal which represented its first ever GDR listing.
Catcher Technology, a Taiwanese manufacturer of magnesium and aluminum casings for PCs and consumer electronics, issued 6.7 million global depositary shares (GDS). The capital raised will be used by CatcherTechnology to expand its China platform, including a planned investment in its subsidiaries incorporated in China.
J.P. Morgans experienced depositary receipts team played an important role in our first ever Global Depositary Receipt listing,” says James Wu, Chief Financial Officer, Catcher Technology. “Ken and his team guided us smoothly through the process from start to finish, with the end result being an extremely successful GDR listing.
Our unwavering commitment to our clients combined with our leading global depositary receipt platform means we are able to create and deliver significant value and impact for our customers, helping them reach their strategic objectives and moving them forward as they build their business amidst Asias dynamic growth story, says Kenneth Tse, Asia Pacific Head of J.P. Morgans depositary receipts group.
J.P. Morgan says it is committed to working closely with its clients to design and implement customized depositary receipt programs to achieve their strategic goals and facilitate DR liquidity.
J.P. Morgan, which launched thenworlds first DR program in 1927 for Selfridges and the first DR program in Asia in 1961 for Sony, continues to serve as depositary receipt bank for leading companies throughout the region.
J.P. Morgan provides a full range of American Depositary Receipt (ADR) and GDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. For more information on depositary receipts and international equities,
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