South Korean Chemical Company Appoints Citi for GDR

South Korean-based Hanwha Chemical has appointed Citi’s Issuer Services business as the depositary bank for its Global Depositary Receipt (GDR) program.
By Jake Safane(2147484770)
South Korean-based Hanwha Chemical has appointed Citi’s Issuer Services business as the depositary bank for its Global Depositary Receipt (GDR) program.

Hanwha’s GDR program was established through a $340 million offering on the Singapore Exchange, originally priced at $15.70 per GDR. Hanwha’s original shares are listed on the Korea Exchange.

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