Citi’s Issuer Services business has been appointed by Far Eastern International Bank, a full-service commercial bank in Taiwan, for its Global Depositary Receipt (GDR) program.
Each GDR represents 20 ordinary shares and trades on the Luxembourg Stock Exchange. The ordinary shares trade on the Taiwan Stock Exchange.
“We are very pleased to have Citi as our depositary bank and look forward to a close partnership with Citibank by leveraging Citi’s value-added resources,” says Shinwha Chou, special assistant to the CEO of Far Eastern International Bank.
Taiwanese Bank Appoints Citi as Depositary Bank
Citi’s Issuer Services business has been appointed by Far Eastern International Bank, a full-service commercial bank in Taiwan, for its Global Depositary Receipt (GDR) program.