BEIRUT: Solidere has requested London Stock Exchange to delist its Global Depositary Receipts
from the British bourse effective June 29, 2017, due to low trading volumes.
MegaFon announced in October it would offer investors ordinary shares and Global Depositary Receipts
held by Finnish and Swedish telecoms giant TeliaSonera (10.6 percent) and a MegaFon subsidiary, MegaFon Investments (4.4 percent).
(010060.SE), a South Korea-based poly-silicon maker, has priced its USD700m global depositary receipts
Remco may also sell global depositary receipts
through a capital increase, he said, without elaborating.
Investment firm Kuwait Projects Company (Kipco) has delayed plans to sell global depositary receipts
(GDR) abroad due to bad market conditions, its chief executive said in remarks published on Tuesday.
Its shares are traded in the form of global depositary receipts
(GDRs) listed in Berlin and Luxembourg.
CICC UK has become the first UK cross-border Global Depositary Receipts
conversion institution announced under the scheme.
In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts
, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services.
Second phase: An increase of up to 25 per cent of the current paid-up share capital through the issuance of new shares, in the form of Global Depositary Receipts
, to be held by a strategic shareholder being the depository bank, and the Global Depositary Receipts
to be listed on the London Stock Exchange.
The company expects its global depositary receipts
(GDRs), each accounting for one ordinary share, to be delisted from the London bourse as of 21 March.
The group currently holds about 25.5 percent of the ordinary shares and 4.8 percent of the global depositary receipts
issued by United Bank, it said.
Sino-American Silicon Products Incorporated (5483.OT), a Taiwan-based producer of wafers for solar cells, has raised USD177.2m from the sale of Global Depositary Receipts