Citi Appointed as Depositary Bank for the GDR Programs of Zhejiang Supcon Technology Co., Ltd. and Yangzhou Yangjie Electronic Technology Co., Ltd.
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Supcon Technology Co., Ltd. (“Supcon”) and Yangzhou Yangjie Electronic Technology Co., Ltd. (“Yangjie”) to act as the Depositary Bank for their Global Depositary Receipt (“GDR”) Programs.
- Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Supcon Technology Co., Ltd. (“Supcon”) and Yangzhou Yangjie Electronic Technology Co., Ltd. (“Yangjie”) to act as the Depositary Bank for their Global Depositary Receipt (“GDR”) Programs.
- Citi’s Issuer Services acts as the Depositary Bank for 17 out of 18 China Connect GDR Programs (including 5 Shanghai-London Stock Connect Programs and 12 China-Swiss Stock Connect Programs).
- Supcon’s GDR Program was established in connection with a US$564.61 million initial public offering of its GDRs, priced at US$26.94 per GDR.
- “We are pleased to be the Depositary Bank for Supcon and Yangjie, supporting their GDR programs.