Citi Appointed As Depositary Bank For The GDR Program Of Will Semiconductor Co., Ltd. Shanghai
Portfolio Pulse from Benzinga Newsdesk
Citi's Issuer Services, through Citibank, N.A., has been appointed as the Depositary Bank for Will Semiconductor Co., Ltd. Shanghai's GDR Program. The GDRs, priced at $14.35 each, are listed on the SIX Swiss Exchange under 'WILL' and represent one A share of Will Semiconductor, which trades on the Shanghai Stock Exchange. Citi, a leader in depositary receipt services, expects increased participation in the Connect Scheme and provides cross-border capital market access.
November 13, 2023 | 2:03 pm
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POSITIVE IMPACT
Citi has been appointed as the Depositary Bank for Will Semiconductor's GDR Program, which may enhance its reputation in depositary receipt services and potentially lead to increased business in this area.
Citi's appointment as the Depositary Bank for Will Semiconductor's GDR Program is likely to have a positive impact on its stock in the short term due to the potential for increased revenue and enhanced market position in depositary receipt services. The announcement demonstrates Citi's continued leadership in this area and may attract additional business.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80