Its shares are also traded in the United States on the OTCQX through a sponsored ADR
BANKING AND CREDIT NEWS-November 17, 2017-Citi named depositary bank for Hexindai Inc.'s sponsored ADR
M2 EQUITYBITES-November 17, 2017-Citi named depositary bank for Hexindai Inc.'s sponsored ADR
Global Banking News-October 16, 2017--Citi to serve as depositary bank for RYB Education's sponsored ADR
As an inducement to grant an exclusive arrangement for a sponsored ADR
program, a DI may offer to pay a portion of the expenses the issuer incurs to institute the program.
This is the simplest form of sponsored ADR
, which means that it is a non-capital raising activity and MPIC will not have the benefit of listing on the US stock exchange.
Particulars for the US sponsored ADR
program are as follows:
SMTH's sponsored ADR
programme succeeds STB's existing sponsored ADR
programme, for which BNY Mellon served as the depositary bank.
In addition, the trading ofthe Company's sponsored ADR
facility on OTCQX International, the US OTC market's highest tier, was commenced on 21 January 2010.
NORDIC BUSINESS REPORT-1 March 2010-Danish Carlsberg establishes sponsored ADR
programme in USA(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com
In a sponsored ADR
, the foreign company cooperates with the depository in order to create the ADR.
In the same year 165 new sponsored ADR
programs were established, compared to 52 in 19881.