investors recognize the benefits of international investing through
Depositary Receipts and we anticipate current growth rates will continue throughout 1994," said Kenneth Lopian, Senior Vice President in charge of The Bank of New York's
Depositary Receipts Division.
JPMorgan's
Depositary Receipts Group said the trends to watch in 2007 include:
We expect a significant number of
Depositary Receipt programs to be established over the next three years in China," said Joseph M.
The
Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act").
For each
depositary share called for redemption, the holder will receive 0.
JPMorgan is the leading
depositary bank in Latin America, maintaining more than 65% of the Brazilian ADR market as measured by ADRs held by institutional investors (based on most recent Form 13F filings with the SEC).
The record date for the determination of
Depositary Shares to be redeemed will be Aug.
Of the 11,114,000 outstanding
depositary shares, 3,700,000 will be redeemed.
Hsieh, the CFO of New Oriental, "With Deutsche Bank as our
depositary bank and trusted partner, we will continue our best efforts to make New Oriental Education & Technology Group an attractive investment opportunity for existing as well as new investors"
Half of the $10 billion raised utilized the Citibank-developed Rule 144A ADR (RADR) and Global
Depositary Receipt (GDR) structures, illustrating their substantial influence on the evolution of the
depositary receipt from a purely investor-driven service to being an important capital-raising structure.
From the redemption date forward, dividends will no longer accrue and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of the Series C
Depositary Shares.
NASDAQ-NMS: CABK; CABKZ) clearing the way for the proposed issuance and sale of a $12 million issue of
depositary shares each representing a 1/25th interest in a share of Capital Bancorporation, Inc.
