Goldman Sachs said the 158 million shares (15.8 million depositary receipts) were traded at $25.32 per depositary receipt.
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First Republic Bank: * FIRST REPUBLIC BANK - CALLING FOR REDEMPTION OF ALL OUTSTANDING DEPOSITARY SHARES RELATING TO 5.625%SERIES C PREFERRED STOCK * FIRST REPUBLIC BANK - SERIES C DEPOSITARY SHARES WILL BE REDEEMED ON JANUARY 2, 2018 AT $25.00 PER SERIES C DEPOSITARY SHARE Source text for Eikon: Further company coverage:
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ANNOUNCES PROPOSED FOLLOW-ON PUBLIC OFFERING OF AMERICAN DEPOSITARY SHARES * COMMENCEMENT OF PROPOSED REGISTERED UNDERWRITTEN PUBLIC OFFERING OF AMERICAN DEPOSITARY SHARES Source text for Eikon: Further company coverage:
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Announces pricing of depositary shares offering * says depositary shares priced at $25 per depository share, equivalent to $1,000 per share of preferred stock Source text for Eikon: Further company coverage:
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Any listing would use so-called China depositary receipts (CDRs), similar to American depositary receipts, which while not technically shares, are certificates that allow investors to hold shares listed elsewhere.
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The guidelines for China depositary receipts (CDRs), similar to American depositary receipts, is likely to be finalised in the second half of this year by China's securities regulator, said the two people.
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Announces offering of subordinated notes * MB Financial - commenced offering of depositary shares, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) * MB Financial - commenced an registered public offering of depositary shares, par value $0.01 per share, with liquidation preference of $1,000 per share * MB Financial Inc - co's unit MB Financial Bank, n.a.
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MOSCOW, June 6 (Reuters) - MTS , Russia's biggest mobile phone operator, said on Monday it has amended its American depositary shares (ADSs) agreement with JPMorgan Chase Bank to allow an increase in depositary shares.
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SA) fell 13 percent, while Bradesco's American depositary receipts (BBD.
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His comments came two weeks after reports that guidelines for China Depositary Receipts (CDRs), similar to American Depositary Receipts, were likely to be finalised in the second half of this year by China's securities regulator.
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Excluding items, the company earned 6.80 yuan per American depositary share.
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The threshold for issuing Chinese Depositary Receipts (CDRs) will be high.
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Kingsdale Advisors is its strategic shareholder and communications advisor and depositary.
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OneConnect sold 28 million American depositary shares (ADS) at $21 each.
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Nissan's American Depositary Receipts trade in the U.S. over-the-counter market.
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That's why depositary institutions are the most regulated companies in the world.
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Azul's American depositary shares priced at $20.12, two of the people said.
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American depositary receipts of GW closed up about 120 percent on Monday.
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Net income was $418.9 million, or 30 cents per American depositary share.
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OneConnect is selling around 31.2 million American depositary shares (ADS) at $10.
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Unfortunately the listing of depositary receipts fell through, for reasons that remain unclear.
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Despite such complications though, depositary receipts are quite popular in the United States.
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CHINA'S DOUYU INTERNATIONAL HOLDINGS PRICES IPO AT $11.5 PER AMERICAN DEPOSITARY SHARE -SOURCES
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Vale's common American depositary receipt added 0.9 percent to $9.775 in New York.
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The offer is worth nearly $3.6 billion or $31.50 per American depositary share.
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TCS's London-listed global depositary receipts were up 4.23% at $24.2 on Wednesday.
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OneConnect is selling around 28 million American depositary shares (ADS) at $21 each.
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Announces $450 million public offering of depositary shares representing series e preferred shares * Says public offering price is $25 per depositary share for an aggregate public offering price of $450 million * Has priced an underwritten public offering of 18,000,000 depositary shares * Intends to use net proceeds to fund the cash consideration for acquisition of united guaranty corporation , aig united guaranty insurance limited Source text for Eikon: Further company coverage:
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The plan is for HSBC to issue Chinese depositary receipts (CDRs), the FT said.
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The notes are exchangeable for American Depositary Shares under certain conditions, the filing said.
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Depositary receipts are not technically shares, but allow investors to hold shares listed elsewhere.
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Two foreign investors were bought into the company in 2015 through Philippine Depositary Receipts.
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They bought an additional 5.4 million American depositary shares and 337,500 mandatory preferred shares.
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From Monday, London investors will have the opportunity to trade Global Depositary Receipts in Huatai.
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Common American depositary receipts of Vale recouped part of their earlier losses following the news.
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The FCA will also look at the role of Northern Trust , the Woodford fund's depositary.
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The class action now only covers investors who bought Vivendi's American depositary shares between Oct.
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Infosys' American Depositary Receipts closed over 7 percent lower at $14.79 Friday on the Nasdaq.
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PA) is the frontrunner to buy the depositary banking business of Italy's Banco BPM (BAMI.
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Luckin Coffee (LK) – Luckin announced a follow-on offering of 7.2 million American depositary shares.
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Separately it said the NASDAQ stock market has approved its American Depositary Shares for listing.
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Bank of America Corp: * BANK OF AMERICA ANNOUNCES REDEMPTION OF CERTAIN OUTSTANDING DEPOSITARY SHARES * BANK OF AMERICA - ALL 14.6 MILLION SERIES I DEPOSITARY SHARES OUTSTANDING WILL BE REDEEMED ON JULY 2, 2018 FOR AN AGGREGATE REDEMPTION PRICE OF $364.6 MILLION * BANK OF AMERICA CORP - 18.6 MILLION SERIES D DEPOSITARY SHARES OUTSTANDING WILL BE REDEEMED ON JUNE 14, 2018 FOR AGGREGATE REDEMPTION PRICE OF $464.6 MILLION Source text for Eikon: Further company coverage:
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N) at $153, below the initial pricing range of $17.50-$21.50 per American Depositary Share (ADS).
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His recommendations below, excluding Vertex, are domiciled internationally but have US listings or American depositary receipts.
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Baidu earned 10.11 yuan per American depositary share, compared with expectations of 6.12 yuan per ADS.
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Prior to 2008 it courted Russian companies, landing depositary receipt listings of Sistema, Megafon and Gazprom.
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Depositary banking services are not very lucrative unless they are carried out on a large scale.
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EPH said it would sell shares on the Prague bourse and global depositary receipts in London.
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These favorable trends were somewhat offset by weaker results in depositary receipts and foreign exchange revenue.
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Since December, there has been no circulation of Itaú's depositary receipts in Argentina, the filing said.
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The Teva stake grew 7 percent to 43.25 million American depositary receipts worth about $1.05 billion.
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At BNY Mellon, Starks will lead the growth of the firm's custody, depositary and fund accounting services.
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They require a corresponding number of foreign shares to be held in custody at a depositary bank.
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Increasing custody, depositary, cash management volumes and other banking services has helped provide some stability to revenues.
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American depositary receipts of Eletrobras surged 20 percent on the news, hitting $5.34 in after-market trading.
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Each of Alibaba's American depositary receipts on the NYSE is equivalent to about eight Hong Kong shares.
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Com International Ltd - * Files for sale of up to 3.8 million american depositary shares Source text : 1.usa.
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A first quarter dividend of $0.47 per ordinary share and $0.94 per American Depositary Share (ADS) was announced.
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Revenues were up 4% year-over-year and sequentially due to stronger depositary receipts and investment management fees.
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Excluding items, it earned 0.67 yuan per American depositary share, above the average analyst estimate of 0.61 yuan.
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JD.com posted a net gain of 1.04 yuan per American depositary share, versus 0.17 yuan a year earlier.
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The company sold 10 million American Depositary Shares at $12.5 a pop, the midpoint of its expected range.
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Excluding items, the company earned 13.18 yuan per American depositary share, beating estimates of 11.83 yuan per ADS.
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Excluding items, the company earned 13.18 yuan per American depositary share, beating estimates of 11.83 yuan per ADS.
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American depositary receipts for Petrobras shares added to gains on the news, rising 2.5 percent in New York.
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Galapagos' US-listed American depositary receipts climbed 17%, giving the company a market value of about $9.4 billion.
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Shareholders that acquired American Depositary Receipts of the company will be entitled to the payment, the filing said.
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ANNOUNCES PUBLIC OFFERING OF DEPOSITARY SHARES REPRESENTING SERIES F PREFERRED SHARES Source text for Eikon: Further company coverage:
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En+ priced the IPO at $14 per global depositary receipt (GDR), at the bottom of the expected range.
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OneConnect Financial (OCFT) – The financial technology provider priced its initial public offering at $10 per American depositary share.
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Additionally, a shareholder of the China-based coffee chain is offering 4.8 million American depositary shares for sale.
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L), currently offer access to their shares on U.S. exchanges through what are known as American depositary receipts (ADRs).
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Earlier in April, BTG offered PPLA shareholders 1.19 reais per Brazilian Depositary Receipt unit, which comprises three PPLA shares.
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The price range for global depositary share (GDS) was set at $33.25-$35.30, two financial market sources told Reuters.
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The offering of the Depositary Shares was made only by means of a prospectus supplement and accompanying base prospectus.
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BTG Pactual Holding is offering PPLA's shareholders 1.19 real per Brazilian Depositary Receipt unit, which comprises three PPLA shares.
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The offer of $30.39 per American depositary share represents a premium of 15 percent to the stock's Wednesday close.
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If the form is not filed, Braskem's American Depositary Receipts may be delisted and traded only over the counter.
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Cetip is Latin America's largest depositary of financial securities with a vast over-the-counter, fixed-income derivatives operation.
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The plaintiffs had invested in VW through American Depositary Receipts, a form of equity ownership in a non-U.
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Russia's En+ was targeting a listing in Moscow with global depositary receipts in London as early as the summer.
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An effort last year to develop a domestically traded share class called China Depositary Receipts did not take off.
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The bank issued depositary receipts in India in 2010, but they attracted dwindling interest and are now largely dormant.
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If the form is not filed, Braskem's American Depositary Receipts could be delisted and traded only over the counter.
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Excluding one-time items, Baidu reported earnings of 16.30 yuan per American depositary share, above expectations of 10.57 yuan.
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Opera Ltd has applied to list its American Depositary Shares on the Nasdaq stock exchange under the symbol "OPRA".
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The maximum amount of shares and depositary receipts to be repurchased would not exceed 340 million shares, it said.
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Additionally, a selling shareholder of the China-based coffee chain is offering 4.8 million American depositary shares for sale.
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GDB, facing $3.75 billion of debt, serves as the main depositary and liquidity source for the U.S. territory's public agencies.
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The offering of global depositary receipts (GDRs) is expected to raise around $200 million in primary proceeds for the company.
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Excluding items, the company earned 2.77 yuan per American depositary share, falling short of estimates of 2.89 yuan per ADS.
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Nio, a Chinese electric-carmaker, filed an IPO to list its American depositary shares on the New York Stock Exchange.
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Some $3.4 trillion of ADRs and similar instruments, such as London's global depositary receipts, changed hands in 2017, Citigroup says.
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The price of BT's shares in London and American depositary receipts in New York fell nearly 21 percent on Tuesday.
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Though Nissan and Renault are foreign companies, their shares trade indirectly on US exchanges as American depositary receipts, or ADRs.
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Of those shares, 22 million represented American depositary shares for an international offering, while 13 million were sold in Japan.
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Voting shares fell 3.4 percent, while Bradesco's New York-traded stock tumbled 5.5 percent to $6.275 per American depositary receipt.
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Gaap reporting will not affect the sponsored level 2 american depositary receipt (adr) program of fresenius medical care ag & co.
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Nio said the New York Stock Exchange had contacted it after the unusual market activity in its American Depositary Shares.
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Nio said the New York Stock Exchange had contacted it after the unusual market activity in its American Depositary Shares.
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The plaintiffs had invested in VW through American Depositary Receipts (ADR), a form of equity ownership in a non-U.
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Reports first quarter 2017 financial results * Q1 revenue $4.7 billion * Icahn enterprises lp - for three ended march 31, 2016 revenues were $3.1 billion and net loss attributable to icahn enterprises was $837 million, or a loss of $6.21 per depositary unit * Qtrly loss of $0.12 per depositary unit Source text for Eikon: Further company coverage:
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The Fintech has already secured a license from French market regulator AMF to run a central securities depositary in the country.
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Because investors in these offshore-based companies hold American Depositary Receipt (ADR) shares, they lack certain shareholder rights, the report says.
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Cencosud said in a statement the shares would be offered in Chile as common stock and abroad as American Depositary Shares.
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The company's shares opened at $14.34, about 20 percent above its initial public offering price of $12 per American depositary shares.
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This reopening can be settled through both Euroclear as well as the local depositary institution in Moscow - the National Settlement Depository.
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The capital consumption of the acquisitions of custody and depositary businesses in recent years has been offset by internal capital generation.
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Cencosud said in a statement the shares would be offered abroad as American Depositary Shares and in Chile as common stock.
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Line's American depositary shares, priced at $32.84 each on Monday, jumped to $42.70 in early trading in New York on Thursday.
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The company's shares opened at $14.34, about 20 percent above its initial public offering price of $12.00 per American depositary share.
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Under the terms of the deal, Novartis has offered to pay $41 per ordinary share and $82 per American depositary share.
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The company said it had priced its offering at $14 per global depositary receipt, toward the bottom of its expected range.
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Kablawi's new role will span asset servicing, alternative investment services, corporate trust services, broker-dealer services, depositary receipts and treasury services.
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Alibaba's U.S.-listed American Depositary Shares have climbed 9.7 percent so far this quarter and are up 76 percent this year.
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Celgene will acquire 32.7 million of BeiGene's ordinary shares at $4.58, or $59.55 per BeiGene's American Depositary Shares (ADS), the companies said.
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O) Google, said it planned to list its American depositary shares on the New York Stock Exchange under the symbol "BSTI". (bit.
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Philippine law forbids any overseas ownership of media companies, but Rappler claims its investors used a Philippine Depositary Receipt (PDR) to invest.
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The Dialog agreement announced in September encompassed $4.65 in cash and 0.112 of Dialog's American depositary shares for each share of Atmel.
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CBFFT and the COIF Board have appointed HSBC Bank plc (AA-/Stable/F1+) in 2014 as depositary and administrator of both funds.
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N) has agreed to pay nearly $75 million to settle an investigation into the mishandling of pre-release American Depositary Receipts (ADR).
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Huatai sold 75 million global depositary receipts (GDRs) at $20.50 each, representing 9.1% of its outstanding share capital, it said on Friday.
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ZTO said the American depositary shares will begin trading on the New York Stock Exchange on Thursday under the ticker symbol ZTO.
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JD posted a net loss of 1.54 yuan per American depositary share, compared with a loss of 0.35 yuan a year earlier.
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Philippines law forbids any overseas ownership of media companies, but Rappler claims its investors used a Philippine Depositary Receipt (PDR) to invest.
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JD.com posted a net gain of 4.96 yuan per American depositary share, compared with a gain of 1.04 yuan a year earlier.
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Argenx offered 3.5 million American Depositary Shares at a 0.9 percent discount to Tuesday's close, for a gross raise of $300 million.
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The stock also trades in pounds in London, and the company has American depositary receipts that trade in dollars in New York.
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ABN Amro Group NV announced on Tuesday the Dutch state's intention to sell up to 65 million of depositary receipts in co.
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It plans to offer 125 million American Depositary shares at $17 to $19 each, according to a Securities and Exchange Commission filing.
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It said the move allows the bank to accept deposits of up to 87,929,284 MTS shares represented by 43,964,642 additional American Depositary Shares.
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Huatai's global depositary receipts (GDRs) rose as much as 7.1% to $13 earlier before easing to change hands at $21 by 0910 GMT.
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The Japanese automaker's American Depositary Receipts fell after Trump's tweet and closed down 2200 percent at $120.44 on the New York Stock Exchange.
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Biotoscana, a Colombia-based pharmaceutical company, sold 50.6 million Brazilian depositary receipts (BDRs) at 26.50 reais each, data from securities regulator CVM showed.
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After Wednesday's verdict the shares fell by around 3 percent in Moscow, while Sistema global depositary receipts in London were up 2.5 percent.
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Excluding items, the company earned 0.57 yuan per American depositary share, in line with analysts' average estimate, according to IBES data from Refinitiv.
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Authorities have endorsed the Chinese depositary receipts (CDRs) scheme, which will allow investors to hold a form of shares in firms listed abroad.
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China depositary receipts (CDRs) will be launched "very soon", Yan Qingmin, vice chairman of the China Securities Regulatory Commission was quoted as saying.
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Americans have long been able to dabble in foreign equities through American depositary receipts, a kind of stand-in for a foreign stock.
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LexinFintech initial public offering was priced at the low end of the $9 to $11 per American depositary share range, raising $108 million.
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Tencent, Baidu and JD will each buy 2.5 million newly issued ordinary shares of Bitauto for $20.23 per American depositary share, Bitauto said.
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The company priced its initial public offering at $16.50 per share last Friday, raising $51 million by selling 3.1 million American depositary shares.
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Plans being considered by China's securities regulator could give Chinese investors access to those and other companies via depositary receipts, the people said.
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N), China's second-largest search engine, said its initial public offering was priced at $13 per American Depositary Share (ADS), raising $585 million, .
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It carries echoes of Beijing's aborted attempt this year to lure its overseas-listed tech giants home to sell Chinese Depositary Receipts (CDRs).
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Morphosys said it had decided on a capital increase to implement the purchase of 3.63 million American depositary shares by Incyte Corporation. ProSiebenSat.
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The offer of $13.50 in cash per American depositary share of Ehi represents a 15.4 percent premium to the company's close on Nov.
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Baidu, Ctrip's biggest shareholder with a 19% stake, is offering 31.3 million American Depositary Shares (ADS), each representing 0.125 ordinary share of Ctrip.
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MSCI, the U.S. index publisher, included global depositary receipts (GDRs) of Russian retailer X261.93 Retail Group in the MSCI index family, X20.1 said.
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Baidu, Ctrip's biggest shareholder with a 19% stake, is offering 31.3 million American Depositary Shares (ADS), each representing 0.125 ordinary share of Ctrip.
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It did not say when it would restart its China depositary receipts (CDRs) issuance process or why it was postponing the mainland offering.
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Its American depositary shares were priced at $22 each, above the marketed range of $210-$22, the company said in a statement on Wednesday.
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Amarin – The Ireland-based drug maker will collect about $200 million in gross proceeds from a newly priced offering of its American depositary shares.
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Diluted earnings per American depositary share was negative 3.49 yuan, or a 54 cent a share loss for the quarter, according to a release.
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Excluding items, the company earned 0.72 yuan per American depositary share, beating analysts' average estimate of 0.69 yuan, according to IBES data from Refinitiv.
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Singapore-based Sea said in a filing that it plans to offer 2961 million American Depositary Shares (ADS) at a price of $2893 each.
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SAC and Cohen did not admit wrongdoing in settling with the former Elan investors, including purchasers of its American depositary receipts and stock options.
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Shareholders of JBS SA in Brazil and holders of JBS SA's American Depositary Shares will automatically receive the new shares, according to the filing.
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Depositary receipts - common in the United States among other countries - are not technically shares, but certificates that allow investors to hold shares listed elsewhere.
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Xiaomi was initially going to list part of its shares on the mainland via China depositary receipts (CDRs), but the company postponed those plans.
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The music streaming giant is selling 24 million American Depositary Receipts (ADRs) in a range of between $212 and $15 each, according to the filing.
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Biotoscana, a Colombia-based pharmaceutical company, is selling 40.5 million Brazilian depositary receipts (BDRs) at a suggested price range of 24.50 reais to 28.50 reais.
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Judge of all things, imbecile worm of the earth; depositary of truth, a sink of uncertainty and error: the pride and refuse of the universe.
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ZTO said in a regulatory filing on Friday that it expected to sell 72.1 million American depositary shares in the range of $16.50 to $7003.
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In a U.S. filing on Wednesday it said it would sell 12 million American Depositary Shares at a price of between $9 and $11 each.
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HK), sold American depositary shares (ADS) at $11.5 each, compared with a previously stated target of $20193 to $14.00, the firm said in a statement.
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While BT's main listing is in London, its shares are also quoted on the New York Stock Exchange in the form of American Depositary Shares.
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The SEC began procedures to delist Eletrobras' American depositary receipts after the company failed to file the so-called 20-F formulary before the deadline.
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The music streaming giant is selling 212 million American Depositary Receipts (ADRs) in a range of between $21 and $26.8901 each, according to the filing.
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The offer values Cetip, a clearinghouse and depositary company that also sells liens on mortgages and auto loans, at about 10.86 billion reais ($2.8 billion).
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Of those 105 companies, they eliminated any that were not listed on an American or Canadian exchange or did not have an American Depositary Receipt.
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On Monday it filed a registration statement with the SEC for a proposed initial public offering of American depositary shares (ADSs) representing its ordinary shares.
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Robinhood now has 5 million customers tracking, buying and selling stocks, options, ETFs, American depositary slips receipts of international companies and cryptos like Bitcoin and Ethereum.
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The transaction will convert into about 11.4 million shares of Qutoutiao at a price of $15 per American depositary shares, representing about 4 percent of Qutoutiao.
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The FCA will also look at the role of Northern Trust, the Woodford fund's depositary, which shares some responsibility for oversight of the fund with Link.
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The concept behind depositary receipts may not be new, but their use in China has not previously been formalized, and that is liable to change now.
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The FCA will also look at the role of Northern Trust , the Woodford fund's depositary, which shares some responsibility for oversight of the fund with Link.
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A Moscow listing is cheaper than one in London, where some of Russia's biggest companies still have global depositary receipts alongside a primary listing in Moscow.
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Shareholders will receive $18.00 in cash and 0.1482 Shire American depositary shares per Baxalta share, implying a total value of $45.57 per share based on Jan.
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At the time, it was estimated that move might see around $7 billion move into those American Depositary Receipts (ADRs) by funds passively tracking the index.
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Since 13 Cecabank has notably developed its business model to focus on providing custody and depositary services, treasury activities and transactional banking services to institutional clients.
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HK) was close to selling Global Depositary Receipts (GDRs), as approved by Chinese authorities, only to postpone it as some technical details were not ironed out.
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ASR's American depositary receipts have surged 150 percent over the past 5 years compared with 67 percent for the benchmark S&P 500 equity index .SPX.
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Shareholders will receive $18 in cash and 603 Shire American depositary share per Baxalta share, implying a total value of $45.57 per share based on Jan.
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The plan would allow qualifying overseas-listed companies with a market value of no less than 200 billion yuan ($32 billion) to issue shares or depositary receipts.
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In the first quarter, the company earned 0.72 yuan per American depositary share, excluding items, beating analysts' average estimate of 0.69 yuan, IBES data from Refinitiv shows.
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Some of them were China-based companies, like the video streaming platform iQIYI, which just raised a whopping $2.3 billion in a sale of American depositary shares.
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Yintech Investment Holdings (YIN) priced at $13.50 a share at the midpoint of the $12.50 to $14.50 range, with an offering of 7.5 million American depositary shares.
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BK's returns benefitted from seasonally higher revenue in depositary receipts, higher investment management fees, good cost control, and a modest reserve release due to a loan recovery.
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Under the 2010 Plan, holders of vested options were entitled to purchase depositary receipts for common shares at the exercise price determined at the date of grant.
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The motivation for the withdrawal is that the company's American depositary receipts listing in the U.S. sees "low trading volume and high costs," Semiconductor Manufacturing told CNBC.
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TCS, the parent company of Tinkoff Bank, said its board has approved a second 2019 interim gross dividend of $0.17 per one share or global depositary receipt.
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The miner separately agreed to pay $50 million as part of a settlement for a class action complaint filed by American depositary receipt holders over the disaster.
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Excluding one-off items, it earned 0.57 yuan per American depositary share in the quarter, in line with analysts' average estimate, according to IBES data from Refinitiv.
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The depositary receipts offer investors the same rights as normal shareholders, but issuing them does not come with the same regulatory requirements as issuance of normal shares.
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One of the sources said Banco BPM's depositary bank, a unit that provides services to facilitate investments in securities, could be worth between 200-250 million euros.
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The company, often seen as the Chinese version of Netflix, is selling 125m primary American depositary shares at an indicative price range of US$17–$19 each.
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Those moves also came after China on Friday unveiled its pilot plan to spur high-tech companies listed abroad to also issue depositary receipts on the mainland.
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It added the presidential order was limited to Aixtron's U.S. business and did not per se prohibit the acquisition of Aixtron shares and American depositary shares FGC.
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CSRC added that the upcoming Shanghai-London Stock Connect program will allows companies to issue depositary receipts to list on each other's markets in the initial stage.
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Listing on Nasdaq Stock Exchange of American Depositary Receipts (ADRS) under ticker symbol GWPH Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)
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The company is applying for an industrial loan charter under the name SoFi Bank in Utah, listing a Salt Lake City location as its proposed depositary address.
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N), priced the 45 million American depositary shares (ADS) at the bottom of a revised range of $10 to $11 each, added IFR, a Thomson Reuters publication.
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The Menlo Park, California-based start-up announced Tuesday that it is adding 250 American depositary receipts of companies from Japan, China, Germany, the U.K. and Canada.
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S. bank to act as a depositary for En+'s London-listed shares, known as Global Depository Receipts or GDRs, a role then held by Citigroup Inc.
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The price range was set at $33.25-$35.30 per Global Depositary Share (GDS), corresponding to a price of $66.50-$70.60 per ordinary share, it said in a statement.
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Berkshire said it owned about 40.5 million Teva American depositary receipts (ADRs) worth about $693 million as of that date, up from 18.9 million ADRs three months earlier.
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JPMorgan Chase will pay over $135 million to settle charges it mishandled so-called "pre-released" American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday.
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Under the accord, which requires court approval, the money will be paid to investors who acquired American Depositary Receipts (ADRs) in Braskem between July 2010 and March 2015.
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Having lost a string of internet champions to exchanges abroad, the People's Republic recently announced a pilot scheme to let firms sell shares at home using depositary receipts.
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This past Friday, the central government circulated a draft policy of new securities regulations that would allow for Chinese Depositary Receipts to be issued on local stock exchanges.
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The depositary receipts by Afreximbank, which are priced at $4.30 per unit with a minimum investment size of $30,000, are aimed at the sophisticated investor like pension funds.
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Dialog in September offered $4.65 in cash and 0.112 of its American depositary shares for each Atmel share, pegging the deal value at $4.6 billion at the time.
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What's next: The U.S. will have to formally notify the ATT depositary that it intends to unsign the treaty and not be bound by its object and purpose.
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It plans to offer 125 million American depositary shares priced at $17 to $19 each, the company said in a filing to the U.S. Securities and Exchange Commission.
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Relative to the linked quarter, results benefitted from incremental growth across most businesses, particularly in depositary receipts which benefitted from seasonal trends, offset primarily by lower leasing gains.
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Celgene — The biopharmaceutical company is buying a 5.9 percent stake in China-based drug maker BeiGene for $59.55 per American Depositary Share, compared to Wednesday's close of $52.27.
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The Philippine constitution bans foreign ownership of media but Rappler has said foreigners who invested in its Philippine Depositary Receipts do not have any say in its operations.
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The news is a blow to China, which is reportedly scouting out promising tech companies with a viewing to issuing China depositary receipts (CDRs) on Chinese stock exchanges.
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It plans to offer 280.5 million American depositary shares priced at $17 to $19 each, the company said in a filing to the U.S. Securities and Exchange Commission.
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It plans to offer 125 million American depositary shares priced at $17 to $12.503 each, the company said in a filing to the U.S. Securities and Exchange Commission.
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The U.S. Securities and Exchange Commission said on Friday that it fined two Deutsche Bank subsidiaries in the U.S. nearly $75 million for mishandling American Depositary Receipts (ADR).
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Rappler denies foreign ownership, and says the Philippine Depositary Receipt (PDR), a financial instrument that governs the Omidyar investment, doesn't give the Network any control over the company.
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Best, in which Alibaba holds a 23.4 percent stake, sold 45 million American depositary shares for $10 a piece, the lower end of its $10 to $11 indicative range.
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Altria, which makes Marlboro cigarettes and recently acquired a stake in e-cigarette startup Juul, fell 1 percent, while British American's American depositary receipts were down by 0.25 percent.
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The Philippine constitution bans foreign ownership of media but Rappler has said foreigners who invested in its Philippine Depositary Receipts (PDRs) do not have any say in its operations.
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A takeover will make BM&FBovespa the dominant exchange in Brazil, controlling depositary and clearing activities for all types of financial assets and sourcing investors with proprietary market data.
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A takeover would make BM&FBovespa the dominant exchange in Brazil, controlling depositary and clearing activities for all types of financial assets and providing investors with proprietary market data.
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The Ministry of Finance announced tax breaks for both retail and institutional investors involving future trades in China depositary receipts (CDRs), according to a statement on the ministry's website.
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A few blue chips declined on profit-taking, however; at current exchange rates, domestic stock prices in Egyptian pounds have risen close to global depositary receipts expressed in dollars.
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Altria, which makes Marlboro cigarettes and recently acquired a stake in e-cigarette startup Juul, fell 1 percent, while British Americans American depositary receipts were down by 0.25 percent.
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The price range was set at $33.25-$35.30 per global depositary share in London, corresponding to a price of $66.50-$70.60 per ordinary share in Moscow, Polyus said earlier.
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Sources have told Reuters that guidelines for CDRs, similar to American depositary receipts, were likely to be finalised in the second half of this year by China's securities regulator.
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BA), Argentina's largest cement producer, debuted on the New York Stock Exchange at $23, 14 percent above the initial public offering price of $19 per American depositary share (ADS).
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Shanghai and Shenzhen have also begun courting the same set of offshore-listed tech firms for a form of secondary listing through the development of Chinese Depositary Receipts (CDRs).
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The increase in both periods was driven by stronger results in clearing services and depositary receipts partially offset by the stronger U.S. dollar and lower fees in corporate trust.
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SAO PAULO, June 12 (Reuters) - Itaú Unibanco Holding SA has canceled a depositary receipts program in Argentina, focusing trading of the bank's shares in Brazil and the United States.
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The Bureau of Internal Revenue said Rappler had profited from the sale of Philippine Depositary Receipts (PDR) to foreigners in 2015 and should pay income and value added tax.
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Meanwhile, Beijing has been trying to limit capital flight and is reportedly encouraging large Chinese companies to list in mainland China through a "Chinese Depositary Receipt" or "CDR" system.
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EN+ said it intended to list global depositary receipts on the London Stock Exchange and on the Moscow Exchange, adding that it intended to list in London next month.
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Global depositary receipts (GDRs) in oil giant Rosneft slid 21.8%, GDRs of Russia's No.2 oil producer Lukoil fell 19.4% and gas producer Novatek saw its GDRs drop 303%.
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The total market value of 300 or so of them is $860bn—$1.3trn if you include some depositary receipts of firms with primary listings in China or Hong Kong.
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American depositary receipts are stocks of foreign companies that trade and settle in the U.S. market in dollars, allowing investors to avoid having to transact in a foreign currency.
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JPMorgan Chase – JPMorgan said it is among the financial firms being probed by the Securities and Exchange Commission for their handling of American Depositary Receipts between 2011 and 2015.
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The issuer is offering to exchange any and all of their existing notes for (i) USD30 million newly issued U.S. dollar-denominated 10%/12% Senior Secured PIK Toggle Notes due 2026 (the new notes) to be issued by the issuer and unconditionally and irrevocably guaranteed by GSB and (ii) global depositary shares, each global depositary share representing 55 common shares of GSB, valued at approximately USD30 million in total at current market values.
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Total revenue grew 15.4%, matching estimates, according to data from Refinitiv IBES Excluding one-off items, Baidu earned 2.77 yuan per American depositary share, falling short of analysts' 2.89 estimate.
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The company, which was founded in 1998 with the aim of capitalizing on the medical benefits of cannabis, said the American Depositary Shares would be sold at $90 per share.
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LONDON (Reuters) - The London Stock Exchange on Tuesday said it would suspend trading in the global depositary receipts (GDRs) of Russian aluminum and power producer En+ due to U.S. sanctions.
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Russian aluminum and hydropower group En+ Group went ahead with its London listing on Friday, but priced its global depositary receipts at $14, the lower end of its guided range.
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With investors looking closely at the prospects for the industry, NIO priced the offering of its American depositary shares at $6.26 a share, the bottom of its target price range.
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Issuance of CDRs, similar to American depositary receipts, would be done in compliance with Chinese securities law, a spokesman for the China Securities Regulatory Commission (CSRC) told a news conference.
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The offer price was set at $33.25 per global depositary receipt (GDS), corresponding to a price of $66.50 per ordinary share, at the lower end of a previously announced range.
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China's state-run energy giant, CNPC, is thought to have sold it oil in recent years—and is the parent of PetroChina, which has depositary receipts listed in New York.
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Within that subset, it remained positive on technology shares and American Depositary Receipts (ADRs), noting that the technology segment has contributed most of MSCI China's gains so far this year.
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Under the London-Shanghai Stock Connect scheme, Chinese companies can list depositary receipts pegged to their Shanghai-listed shares, while British companies can issue shares on the Shanghai Stock Exchange.
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Many Egyptian blue chips surged after the pound's float partly because the depreciation of currency meant companies' dollar-denominated global depositary receipts were suddenly worth much more in local currency.
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"We are studying the proposed framework for the listing of Chinese Depositary Receipts under the Shanghai-London Stock Connect but cannot comment further at this time," said a HSBC spokesman.
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DouYu sold American depositary shares (ADS) at $11.5 each, compared with a previously stated target of $11.50 to $14.00, the people said, requesting anonymity to speak freely about the deal.
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Back in 2010 BNP Paribas Securities Services bought the depositary bank of Banca Popolare di Milano, the Milanese lender which last year merged with Banco Popolare to create Banco BPM.
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SS) has received government approval to issue 10% of its share capital as Global Depositary Receipts (GDRs) on the London Stock Exchange, the company said in a statement on Saturday.
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CDRs are expected to trade in yuan, potentially creating an arbitrage opportunity with the dollar-denominated American Depositary Receipts or Hong Kong dollar-denominated shares they will be based on.
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"We are studying the proposed framework for the listing of Chinese Depositary Receipts under the Shanghai-London Stock Connect but cannot comment further at this time," an HSBC spokesperson said.
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Under the accord, Eletrobras will pay $14.75 million to holders of its American Depositary Shares (ADRs) as compensation for losses related to the company's involvement in a sprawling corruption scheme.
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The company said it was planning an offering of American Depositary Shares, but that the final number of ADSs to be offered and the price had not yet been determined.
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"Volkswagen is convinced that the accusations raised by buyers of the corporate securities (so-called American Depositary Receipts) lack any foundation," a spokesman at VW's German headquarters said by email.
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A lack of space prompted the decision to exhume the bones and place them in a depositary, one of a number of such sites around Europe, during the 16th century.
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YPF shares fell 1.08% to 772.85 pesos on the Buenos Aires Stock Exchange, and its American Depositary Receipts (ADRs) fell 0.22% to $18.18 on Monday afternoon after the court's decision.
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PA is the frontrunner to buy the depositary banking business of Italy's Banco BPM, which could be worth around 200 million euros ($245 million), two sources close to the matter said.
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The Beijing-based company, which provides English online training for people in China, sold 2.4 million American depositary shares at $19 apiece, for a market capitalization of close to $400 million.
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N) will pay more than $38 million to the U.S. Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday.
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This coverage incorporates Fitch's interest rate stresses and is based on the average monthly offshore flows processed through designated depositary banks (DDBs) of the past 13 months up to October 2017.
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TCS said its board of directors had approved a first interim gross cash dividend for 2019 of $0.32 per share or global depositary receipt (GDR), with each GDR representing one share.
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WASHINGTON (Reuters) - JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called "pre-released" American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday.
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Trading in American depositary receipts of Eletrobras was suspended on Wednesday after the company told the U.S. Securities and Exchange Commission it would not file financial statements due to accounting problems.
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"ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of foreign shares to be held in custody at a depositary bank," according to the agency.
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The scheme would allow qualifying overseas-listed companies with a market value of no less than 200 billion yuan ($32 billion) to issue shares or depositary receipts in the mainland market.
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China is also considering creating Chinese Depositary Receipts to mobilize local dollars and "buy back" local tech behemoths like Alibaba and Tencent, potentially creating a new trillion-dollar local asset market.
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The buyout of the 3.6 percent stake, part in shares, part in American depositary receipts (ADRs), is one of the elements of the government's rescue plan for the ailing development bank.
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China is encouraging overseas-listed Chinese companies to launch secondary listings in the domestic market through the issuance of China Depositary Receipts (CDRs), modeled after the popular ADRs in the United States.
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WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Friday said Bank of America's Merrill Lynch subsidiary had agreed to pay $8 million to settle charges it mishandled American Depositary Receipts (ADRs).
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Shares in TCS Group Holding PLC, owner of Tinkoff Bank, were up 1.4% on Thursday, ahead of the group's listing of its Global Depositary Receipts on the Moscow Exchange on Oct. 28.
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Goldman Sachs (Asia), Morgan Stanley & Co International and Credit Suisse Securities (USA) are joint bookrunners for the proposed initial public offering of its American depositary shares, the company said in a statement.
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MOSCOW, Jan 31 (Reuters) - Russian gold miner Nordgold said on Tuesday it was considering delisting its global depositary receipts from the London Stock Exchange but that no decision had been taken yet.
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Third-quarter earnings of $3.17 per American Depositary Share (ADS), down 2 percent on a year ago due to extra shares issued when Shire bought Baxalta, were 4 percent short of consensus.
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Spark says it will issue 12,980,000 American Depositary Shares (ADS) to former Zoosk shareholders valued at $153 million based on the closing price of Spark ADS of $123 on June 28, 2019.
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China may allow its offshore-listed tech firms to sell a form of shares on the mainland, or China depositary receipts (CDRs), people with knowledge of the plan told Reuters last week.
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The 275-member house also okayed plans to issue additional sovereign debts of up to $1.5 billion for refinancing and 500 million cedis worth of global depositary notes to repay domestic bonds.
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The GDB default is the most significant yet in Puerto Rico, because the bank acts as the main depositary and liquidity source for public agencies like the island's highway and infrastructure authorities.
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Issuer services fees continue to be somewhat volatile due to seasonality in depositary receipts, which drove higher revenue sequentially, though results were down from a year ago due to lower corporate actions.
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A major focus of the SEC inquiry is the "pre-release" of ADRs, where banks issue depositary receipts to investors without first having the underlying shares in their custody, the Journal reported.
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The rules on CDRs, modeled after American depositary receipts (ADRs), came days after the Hong Kong stock exchange adopted new rules to broaden its listing regime, intensifying a battle for listing resources.
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TCS also said its board of directors had approved a second interim gross cash dividend for 2019 of $0.17 per share or global depositary receipt (GDR), with each GDR representing one share.
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Beijing is also launching a "China Depositary Receipt" program that will allow China's tech giants, listed in Hong Kong or in the U.S., to have a dual share offering in the mainland.
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If successful, a takeover would make BM&FBovespa the dominant exchange in Brazil, by controlling depositary and clearing activities for all types of financial assets and sourcing investors with proprietary market data.
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TCS global depositary receipts (GDRs) dropped 5.4 percent to $18.52 on the London stock exchange by the end of the day on Thursday, having traded from $15.18 to $20.45 so far this year.
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Huatai Securities on Tuesday set a price range of $20 to $24.50 per global depositary receipt to raise $1.2 billion, in a deal set to value the brokerage at up to $1.8 billion.
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Results mainly reflect higher fees in depositary receipts due to seasonality in this business and higher corporate actions, higher market values in investment management, and higher seed capital and other asset sale gains.
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Robinhood, the app-based investment platform for all your speculative investing needs, has launched a tool for investors to throw money at publicly traded international companies through the rollout of American depositary receipts.
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"The board of directors continues to consider options for maximising shareholder value, including a potential delisting of the company's global depositary receipts, although no decision has been taken," Nordgold said in a statement.
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BHP denied wrongdoing in settling with investors in its American depositary receipts led by the City of Birmingham Retirement and Relief System and the City of Birmingham Firemen's and Policemen's Supplemental Pension System.
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Seattle-based Hagens Berman Sobol Shapiro LLP said in a statement released in Australia on Tuesday it filed the suit on behalf of purchasers of Rio Tinto American Depositary Receipts (ADRs) between Oct.
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On that basis, Luckin's nearly 2,400 would be worth about $7 billion, or 75 percent more than is suggested by the top end of the IPO price range, $17 per American depositary share.
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It is working to raise about $36 billion for a new semiconductor fund, potentially spend $411 billion on 5G infrastructure, and create a massive domestic market for overseas stocks through Chinese Depositary Receipts.
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Loma Negra on Tuesday raised $954 million in a public offering of depositary shares in New York and ordinary shares on Bolsas y Mercados Argentinas (BYMA) at a price of $3.9 per share.
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China is encouraging overseas-listed Chinese companies to launch secondary listings in the domestic market through the issuance of China Depositary Receipts (CDRs), modeled on the popular ADRs used in the United States.
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Line's American depositary shares will be listed on the New York Stock Exchange under the symbol LN, and its domestic shares will be listed on the Tokyo Stock Exchange under the symbol 3938.
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Relative to the linked quarter, results improved due to stronger fees in clearing services and depositary receipts, and roughly flat expenses partially offset by weaker net interest revenue due to rate-hedge ineffectiveness.
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If it goes ahead, a deal would make BM&FBovespa the dominant exchange in Brazil, controlling depositary and clearing activities for all types of financial assets, including benchmark indexes and proprietary market data.
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WASHINGTON (Reuters) - The U.S. Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency said on Monday they encourage depositary institutions to use the discount window to meet demands for credit.
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Huatai, whose yuan-denominated "A-shares" currently trade in Shanghai, said in a Tuesday filing that it would issue 82.5 million Global Depositary Receipts (GDRs), representing 10% of the company's total share capital.
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LONDON, Nov 26 (Reuters) - Chinese power generation group SDIC Power Holdings launched plans to offer global depositary receipts in London on Tuesday, saying it expects to complete the deal in December this year.
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WASHINGTON, Dec 26 (Reuters) - JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called "pre-released" American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday.
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In March, the group said a new holding company, New Unilever NV, incorporated in the Netherlands, would be listed in London, Amsterdam and, in the form of American depositary shares, in New York.
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This is because it expects to sell up to 10 million American depositary shares (ADS) priced between $15.00 and $16.00 per ADS, compared to 13.2 million ADS between $18.00 and $20.00 per ADS.
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"The manager and depositary are under a duty to ensure that the suspension is only allowed to continue as long as it is justified having regard to the interests of unit-holders," it said.
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The complaint was filed in the U.S. District Court in Manhattan by a New York pension fund that is seeking class-action status and damages for investors in Danske's American depositary shares from Jan.
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The 2nd U.S. Court of Appeals in Manhattan on Tuesday said a lower court judge erred in dismissing the complaint by holders of Alibaba's American Depositary Shares and call options to buy those shares.
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Net income rose 25.5 percent to 6.4 billion yuan, or 18.14 yuan per American depositary share, compared to an estimated 13.4 percent rise by 18 analysts, according to Thomson Reuters I/B/E/S.
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Rustranscom said on April 1 it was planning to list its global depositary receipts on the London Stock Exchange in what would be the first initial public offering by a Russian firm since 2017.
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He spoke of two investments specifically during the television interview — the American depositary receipt for SAB Miller, which is the top individual holding in his fund's portfolio, and the Blackrock Taxable Municipal Bond Trust.
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Glencore's share swap is separate to En+'s planned IPO, through which En+ expects to raise a total of $1.5 bln via new and existing shares, including in the form of global depositary receipts.
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CAIRO, Aug 4 (Reuters) - Egypt's stock exchange is changing its rules on global depositary receipts (GDRs) to encourage companies to increase their "free float" of shares at home before looking abroad to raise money.
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The scheme allows companies publicly traded in Shanghai and London to list on each other's bourses via the issuance of depositary receipts (DRs), a financial instrument representing publicly traded securities of a foreign company.
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Many of these assets were bought by VEB to support Russian companies after the previous financial crisis, such as its purchase in 2010 and 2011 of American depositary receipts issued by gas giant Gazprom.
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The company added that it had separately agreed to pay $50 million as part of a settlement for a class action complaint filed by certain American depositary receipt holders regarding the Samarco dam failure.
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NYSE decided to suspend trading of Braskem's American depositary shares (ADS) after Latin America's largest petrochemical company failed to file its 2017 annual report on time with the U.S. Securities and Exchange Commission (SEC).
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Shareholder Compania Financiera Lonestar said on Monday it had told its depositary bank to subscribe to Carige's cash call to keep its current 6.001 percent stake and remained committed to raise it to 9.99 percent.
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The ruling is similar to a decision from Breyer in June allowing a suit to proceed from plaintiffs who invested in VW through American Depositary Receipts, a form of equity ownership in a non-U.
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In addition to the vesting period of the options, the vesting periods for the depositary receipts were also taken into account when allocating the fair values of the options granted over the required service period.
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SAO PAULO, July 18 (Reuters) - Colombian pharmaceutical firm Biotoscana Investments SA delayed the pricing of an initial public offering of Brazilian depositary receipts (BDRs) to Friday from Tuesday after revising its financial statements, it said.
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We now have two securities: the receipt, held by a shareholder which is connected to a depositary bank, and the original foreign share, which is held by the bank on behalf of a foreign issuer.
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While the only two larger Russian companies, which are fully listed in London, Polymetal and Evraz (both in the FTSE 43 index), back in 24 there were 250 companies with secondary listings of depositary receipts.
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GDRs are negotiable certificates issued by depositary banks representing ownership of a given number of shares in a company, often from a emerging market, which can be listed and traded independently from the underlying shares.
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Shares of both companies rose 2 percent on optimism that the takeover would boost BM&FBovespa's dominant regional position, controlling depositary and clearing activities for all types of assets and sourcing investors with proprietary data.
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At any time after three years from the date on which this Agreement has entered into force for a Party, that Party may withdraw from this Agreement by giving written notification to the Depositary. 2.
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It first proposed a combination in November but was forced to sweeten its bid earlier this month to 41 reais per share, valuing clearinghouse and depositary company Cetip at about 10.86 billion reais ($2.7 billion).
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Shanghai-listed Huatai, which counts Alibaba as a strategic investor, will soon publish a prospectus to issue Global Depositary Receipts (GDRs) in London, said the person, who is not authorised to speak to the media.
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It would let companies listed on either exchange sell Depositary Receipts (DRs) - bank-issued certificates representing ownership of a set number of company shares that can be listed and traded independently from the underlying stocks.
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HK) priced its American Depositary Receipts (ADRs) at $13 per share, at the low end of its indicated $13 to $15 per share range, it said in a filing with the Hong Kong stock exchange.
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SAO PAULO, Oct 30 (Reuters) - Brazilian miner Vale SA said on Wednesday that the board of Euronext Paris has approved the company's request to delist its American Depositary Shares (ADSs) from the European stock exchange.
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The FCA said it is working closely with M&G, the fund's authorised corporate director and the fund's depositary "to ensure that timely actions are undertaken in the best interests of all the fund's investors".
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AMSTERDAM, March 10 (Reuters) - ING, the largest Dutch bank, plans to hold a vote on abolishing a depositary receipt structure that functions as an anti-takeover defence at its next shareholder meeting on April 25.
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LONDON (Reuters) - The London Stock Exchange lifted the suspension on En+ Group's London-listed global depositary receipts (GDRs) available to U.S. investors, a spokeswoman said on Monday after Washington dropped sanctions on the Russian company.
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A U.S. subsidiary of the Italian bank has agreed to pay $210 million to settle charges it violated U.S. securities laws governing the issuance of American Depositary Receipts, the Securities and Exchange Commission said on Friday.
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N) said on Wednesday it is among banks and securities dealers being investigated by the U.S. Securities and Exchange Commission for their handling of so-called "pre-released" American Depositary Receipts (ADR) between 2011 and 2015.
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Under the stock connect, firms listed in Shanghai will be able to sell Global Depositary Receipts (GDRs) to investors in London, and those listed in London will be able to issue CDRs to investors in Shanghai.
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Dror said he hoped the shares would rise due to investor demand, but if not the company could make a technical change to the ratio of its Tel Aviv-listed shares to its American depositary shares.
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In a regulatory filing today, the company, China's largest streaming music service, said it plans to offer 82 million American depositary shares (ADS), representing 164 million Class A ordinary shares, for between $13 to $15 each.
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Data from the Depositary Trust and Clearing Corporation (DTCC) shows investors hold around 8 billion pounds of options expiring over December-January, with strikes -- the price at which an option can be exercised -- clustered around $1.35.
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OneConnect priced around 31.2 million American depositary shares (ADS) in its IPO at $10, compared to a price range lowered on Wednesday to $9 to $10 per share and a goal of selling 26 million ADS.
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Goldman Sachs (Asia), Morgan Stanley & Co International and Credit Suisse Securities (USA) are joint bookrunners for the proposed initial public offering of its American depositary shares, the Singapore-based company said in a statement on Saturday.
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The delay was triggered by a dispute between the company and regulators over the valuation of its China depositary receipts (CDRs), sources said, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.
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Shares in TCS Group Holding PLC, owner of Tinkoff Bank, rose for the fifth consecutive session, gaining 1.9% on Thursday, ahead of the group's listing of its Global Depositary Receipts on the Moscow Exchange on Oct. 28.
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Xiaomi, which submitted its IPO prospectus in Hong Kong last month, is likely to be one of the first Chinese tech firms listed abroad to seek a secondary listing at home through new Chinese Depositary Receipts (CDRs).
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This institution, known as the depositary, holds foreign shares of companies in trust, and then offers a new security to the local market linked to those deposited shares by a ratio (say one receipt per six shares).
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The Hangzhou-based company now plans to raise up to $495 million with the sale of 45 million new American Depositary Shares (ADS) in an indicative range of $10-$11 each, added IFR, a Thomson Reuters publication.
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According to a Thursday securities filing with the U.S. Securities and Exchange Commission, Loma Negra will sell 50 million American Depositary shares representing five common domestic shares each at a suggested price range of $15 to $19.
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LONDON, Jan 28 (Reuters) - The London Stock Exchange lifted the suspension on En+ Group's London-listed global depositary receipts (GDRs) available to U.S. investors, a spokeswoman said on Monday after Washington dropped sanctions on the Russian company.
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Hours ahead of pricing, the people said that the IPO could price at 21 reais per preferred Brazilian share and $19.90 per American depositary share, both at the middle of a suggested price range for the transaction.
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Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Luckin reported a second-quarter net loss of $99.2 million, or 96 cents per American depositary share.
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CAIRO, June 12 (Reuters) - Egypt's Beltone Financial , a unit of billionaire businessman Naguib Sawiris's OTMT, said on Sunday it planned to convert up to a third of its share capital into Global Depositary Receipts (GDRs) listed abroad.
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With gains from that deal included in fourth-quarter accounts, the income attributable to Baidu rocketed to 24.71 billion yuan, or 70.92 yuan per American depositary share (ADS), from 3.24 billion yuan, or 9.03 yuan per ADS.
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Here, we can make it "approved a resolution on Friday calling for …" ••• Each class A and class B share in China will be exchanged for $1.33 in cash, and each American depositary share will be exchanged for $77.
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He cited financial services, energy, utilities and real estate among the sectors positioned to benefit the most, and said the best way to tap Argentina's market was via the American Depositary Receipts of the company's publicly traded companies.
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It manages the money of large institutional investors and provides depositary and trustee services to issuers of debt and equity in international capital markets, as well as payment and trade services to local commercial banks, the website says.
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BVSP fell more than 8 percent in Tokyo, while American depositary receipts for Petrobras fell as much as 11 percent in after-hours New York trading as investors ditched Brazilian assets at the sight of more political turmoil.
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The lawsuit was filed in the U.S. District Court in Manhattan on behalf of holders of Bradesco's American depositary shares, and seeks class-action status on behalf of ADS investors between April 30, 2012, and May 31, 2016.
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The Beijing-based company, a unit of Chinese conglomerate Dalian Wanda Group, sold about 23.8 million American depositary shares (ADS) at $8 each, compared with a previously stated target of selling 28 million ADS between $9 to $1.23.
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The largest outflows of corporate accounts were at Sberbank (RUB33713530 billion, 21750%), Otkritie (RUB21000 billion, 2110%), B&N (RUB21000 billion, 211%), Alfa-bank (RUB21500 billion, 21000%, offsetting similar inflow in August) and National Settlement Depositary (RUB212000 billion, 4807123%).
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Any such withdrawal shall take effect upon expiry of one year from the date of receipt by the Depositary of the notification of withdrawal, or on such later date as may be specified in the notification of withdrawal.
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SQM, which also produces iodine and specialty fertilizers, said net income rose to $55.8 million, or 21 cents per American Depositary Receipt (ADR), in the third quarter, from $13.7 million, or 5 cents per ADR, a year earlier.
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Earlier this year Hong Kong introduced rules allowing companies with dual-class shares to list in the city, while China pursued Chinese Depositary Receipts (CDRs) as a way to entice overseas-listed Chinese tech giants to list domestically.
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Shire investors will receive $30.33 in cash and either 0.839 new Takeda shares or 22018 Takeda American depositary shares for each share, valuing the offer at 22.0 pounds a share based on the latest price and exchange rate.
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Alibaba has also proposed to change the ratio of ordinary shares to American Depositary Shares (ADS) to eight ordinary shares representing one ADS to neutralize the impact of share split on its ADS listed in the U.S. market.
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"CGG believes that the costs associated with continuing the listing and registration of its ADSs (American Depositary Shares) exceed the benefits received by CGG, and as the primary market for CGG shares is Euronext Paris," the company said.
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The complaint was filed on Tuesday night in the U.S. District Court in Manhattan by an Alabama pension fund, seeking class-action status and damages for investors in Ryanair's American depositary shares from May 30, 2017 to Sept.
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CAIRO, Feb 9 (Reuters) - Alexandria Mineral Oils Co (AMOC) plans to offer 13-20 percent of its shares in a secondary stock market listing as well as 10 percent as Global Depositary Receipts listed in London, its chairman said.
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The Federal Reserve Bank of New York's cash operations in Puerto Rico are working and it has adequate stocks of banknotes to meet the needs of depositary institutions on the U.S. territory, a spokeswoman for the bank told Reuters.
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HSBC is set to be the first company to issue Chinese Depositary Receipts (CDR), through a link between the London and Shanghai stock exchanges which will begin by year end, people familiar with the matter said earlier this month.
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Blockchain Mining's CEO and controlling shareholder Roy Sebag said it would list shares and advanced depositary receipts (ADRs) on one or both exchanges once an audit of its finances was complete, which he expected by the end of June.
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L) is set to be the first company to issue Chinese Depositary Receipts (CDRs), through a link between the London and Shanghai stock exchanges which will begin by year end, people familiar with the matter told Reuters on Thursday.
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Asia's ECM volume, however, is unlikely to be helped in the near term by Beijing's efforts to lure foreign-listed Chinese tech giants back home via new China depositary receipts (CDRs), a process whose details are still being finalised.
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SAO PAULO (Reuters) - Centrais Elétricas Brasileiras SA, Brazil's state-controlled power holding company, was notified that a hearing on a planned delisting of its American depositary receipts by the New York Stock Exchange has been set for Oct. 13.
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SAO PAULO, May 10 (Reuters) - Colombian pharmaceutical firm Biotoscana Investments SA and some shareholders filed a request to list depositary receipts in Brazil, adding to the busiest wave of equity offerings in four years in Latin America's largest economy.
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Shanghai-based Semiconductor Manufacturing International Corporation, a computer chip maker traded mostly in Hong Kong, is shifting the trading of its American depositary shares from the New York Stock Exchange to the far less visible over-the-counter market.
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Net income attributable to Baidu rose to 6.4 billion Chinese yuan, or 18.14 yuan per American depositary share (ADS), in the second quarter ended June 30 from 4.42 billion yuan, or 11.31 yuan per ADS, from a year earlier.
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The Hangzhou-based company now plans to raise up to $495 million with the sale of 45 million new American Depositary Shares (ADS) priced in an indicative range of $20193 to $11 each, reported IFR, a Thomson Reuters publication.
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The depositary receipt structure is a legal device common among Dutch companies by which all shares are held by an independent trust office with the power temporarily to revoke shareholders' voting rights in order to fend off hostile takeovers.
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Deripaska's stake has been reduced in part via an issue of 67,420,324 new shares in the form of global depositary receipts (GDR), or 10.55 percent of the enlarged share capital, among other steps Deripaska has taken under a deal with Washington.
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MOSCOW, April 26 (Reuters) - Russian steel major Severstal said on Tuesday it was launching an offering for an issue of around $200 million of bonds, due in 2021 and convertible into its Global Depositary Receipts listed on the London Stock Exchange.
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Net income attributable to Baidu rose to 6.4 billion Chinese yuan ($940.65 million) in the second quarter ended June 30, or 18.14 yuan per American depositary share (ADS), from 4.42 billion yuan, or 11.31 yuan per ADS, from a year earlier.
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MOSCOW, July 16 (Reuters) - Megafon, Russia's No.2 mobile phone operator, said on Monday it intends to begin the process of cancelling its Global Depositary Receipts (GDRs) listing in London shortly after completion of a tender offer announced also on Monday.
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The 163nd U.S. Circuit Court of Appeals in Manhattan ruled 3-0 that a lower court judge erred in dismissing claims by holders of Alibaba's American Depositary Shares and ADS call options against Alibaba, Executive Chairman Jack Ma and others.
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Listed on Euronext Paris and on the OTCQX market via an ADR (American Depositary Receipt) program, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Indexes, Vigeo, the Ethibel Sustainability Index and the FTSE4Good Index.
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Modeled after American Depositary Receipts, which were invented almost a century ago, CDRs are a way for local buyers to own foreign shares in a way that both fits within local securities regulations and reduces friction in the trading process.
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The market in 2016 was worth an estimated $2.9 trillion, with roughly 3,500 such securities available to be traded, and dozens more launched that year, according to BNY Mellon, which is among the largest depositary bank institutions in the country.
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SHANGHAI, Aug 11 (Reuters) - China's state-backed energy firm SDIC Power Holdings has received government approval to issue 10% of its share capital as Global Depositary Receipts (GDRs) on the London Stock Exchange, the company said in a statement on Saturday.
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"We firmly believe in the integrity and stability of the UK financial market," Chairman and President Zhou Yi, said in an email to Reuters after Huatai's global depositary receipts (GDRs) rose to $275, before easing to $220.50 by 214 GMT.
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The firm set its IPO price range at $9 to $11 per American depositary share (ADS), compared with a previously stated range of $1.23 to $15, showed its latest prospectus filed with the U.S. Securities and Exchange Commission on Wednesday.
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Rappler said its filings to the SEC in 2015 made clear that just like several other media outlets, foreigners had invested in some of its Philippine Depositary Receipts (PDR), but did not own any shares, or have a say in operations.
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The Beijing-based company, a unit of Chinese conglomerate Dalian Wanda Group, has sold about 23.8 million American depositary shares (ADS) at $8 each, compared with a previously stated target of $9 to $11, the company said in a filing bit.
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The agency estimates that the fair value gain from cheap deposits placed by state Depositary Insurance Agency with Fundservice will be sufficient to reserve its NPLs by about 76%, with the unreserved part amounting to about 120% of Novikom's FCC.
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Trivago said it planned to offer American depositary shares (ADSs), representing Class A shares of its affiliate, travel B.V. A portion of the ADSs will be issued and sold by the company and a portion by certain shareholders, the company said.
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WASHINGTON (Reuters) - The Securities and Exchange Commission (SEC) on Friday said Cantor Fitzgerald & Co and BMO Capital Markets had agreed to pay $647,000 and $3.9 million respectively to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs).
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Shire investors will receive $212 in cash and either 232 new Takeda shares or 22016 Takeda American depositary shares for each share, the companies said, valuing the offer at 48.17 pounds a share based on the latest price and exchange rate.
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Back to today's news, Bitauto says that under the agreement, Tencent, Baidu and JD.com are each purchasing 2,471,577 newly issued ordinary shares of Bitauto at US$20.23 per share, corresponding to US$20.23 per American depositary share of Bitauto ("ADS").
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Elsewhere, Chinese online group discount company Pinduoduo priced its U.S. initial public offering at $19 per American depositary share, raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to a Reuters report, citing sources.
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Net income attributable to Baidu rose to 6.69 billion Chinese yuan ($1.06 billion) in the quarter ended March 31, or 18.68 yuan per American depositary share (ADS), from 1.78 billion yuan, or 4.63 yuan per ADS from a year earlier.
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The Hangzhou-based company is offering 53.56 million new American Depositary Shares (ADS), each representing one class A ordinary share, in an indicative range of $13 to $15 each, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
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Upon exercise of the option, common shares were issued to a foundation established to facilitate administration of share-based compensation awards and pool the voting interests of the underlying shares, and depositary receipts were issued by the foundation to the individual holders.
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BEIJING, May 4 (Reuters) - China's securities regulator said on Friday it has published rules on the issuance of China Depositary Receipts, or CDRs, which could open the door to some of the country's top tech firms issuing a form of the shares.
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Semiconductor Manufacturing International, a Shanghai-based component manufacturer worth $5.4 billion, has notified the NYSE it will apply for the voluntary delisting of its American depositary shares, or those that trade on a U.S. exchange, the company said in a statement Friday.
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The FCA is proposing a new "premium" stock market listing category that will exempt companies controlled by sovereign states from certain requirements and also be available to companies listed in London using depositary receipts, financial instruments used to represent a foreign company's shares.
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SDIC Power, with a market value of 57 billion renminbi ($8.3 billion) in Shanghai, is looking to raise between $500 million and $1 billion from the sale of Global Depositary Receipts (GDRs) on the London Stock Exchange, one of the sources said.
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Rappler said its filings to the SEC in 2015 made it clear that just like several other media outlets, foreigners had invested in some of its Philippine Depositary Receipts (PDR), but did not own any shares, or have a say in operations.
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In the United States, where claimants with a common interest can be automatically grouped together, a New York pension fund has already filed a case against Danske and four former senior executives, seeking class-action status and damages for American depositary share holders.
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This departure from norm by China, where equity offerings are typically sold without such strategic investors, comes at a time when the country is looking to tempt its offshore-listed tech behemoths into secondary listings using the planned Chinese depositary receipts (CDRs).
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BEIJING/SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is planning a mainland listing via depositary receipts that could come as early as the middle of this year, Thomson Reuters unit IFR reported, citing a person with knowledge of the matter.
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WASHINGTON, Aug 16 (Reuters) - The Securities and Exchange Commission (SEC) on Friday said Cantor Fitzgerald & Co and BMO Capital Markets had agreed to pay $647,000 and $3.9 million respectively to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs).
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The Government Development Bank (GDB), the island's fiscal agent, is at risk of missing debt payments and falling below legal reserve requirements in fiscal year 2016, which could threaten government services because GDB is the main depositary for public agencies, the report said.
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The price range was set at between $2315 and $17 per Global Depositary Receipt (GDR), with the company's stock market value expected in a range of $7 billion to $8.5 billion on a "pre-money" basis, ignoring cash raised in the IPO.
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Shire, which is based in Ireland but generates most of its sales in the United States, had second-quarter revenue of $1163 billion and non-GAAP earnings of $3.73 per ADS (American Depositary Share), up 11 percent and above the consensus $3.60.
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The Fed already said on Sunday that it encouraged depositary institutions to use the emergency lending window and announced they may borrow from it for periods as long as 90 days, pre-payable and renewable by the borrower on a daily basis.
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At an event marking the start of trading of the group's global depositary receipts on the Moscow Exchange, CFO Ilya Pisemsky said dividend payments, which were suspended in June for the remainder of 2019, would be paid in March or April 2020.
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At an event marking the start of trading of the group's global depositary receipts on the Moscow Exchange, CFO Ilya Pisemsky said dividend payments, which were suspended in June for the remainder of 2019, would be paid in March or April 2020.
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More than 200 Chinese companies, including giants like Alibaba, have raised tens of billions of dollars on U.S. capital markets through listings or American Depositary Receipts, according to an August report by analysts from research firm Gavekal Dragonomics, Andrew Batson and Lance Noble.
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The Beijing-based coffee chain raised $22019 million by selling 285.3 million American depositary shares (ADS), more than the 30 million it originally said it would sell, at $17 each - at the top end of an indicative range of $15 to $17.
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LONDON, June 14 (Reuters) - Huatai Securities has priced its London stock market listing at $20.50 per global depositary receipt (GDR), at the bottom of its indicated price range, in a deal that will help it to raise about $1.5 billion, the company said on Friday.
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They could purchase depositary receipts (which give the rights to the underlying share) that would be listed in Shanghai, or they could buy shares in Hong Kong through "stock connect", a programme allowing a limited volume of trading between the mainland and Hong Kong.
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" A statement from U.K. regulator the Financial Conduct Authority (FCA) on Tuesday said: "The decision to suspend was made by the fund's Authorised Corporate Director, in conjunction with the Depositary and is to allow an important orderly process of revaluation of asset sales to happen.
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MOSCOW, April 1 (Reuters) - Russia's Rustranscom, a rail freight transportation firm, said on Monday it was planning to list its global depositary receipts (GDRs) on the London Stock Exchange, in what would be the first initial public offering by a Russian firm since 2017.
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LONDON, June 11 (Reuters) - Huatai Securities, one of China's largest brokerages, on Tuesday set a price range of $20 to $24.50 per global depositary receipt (GDR), aiming to raise at least $1.2 billion in the first London offering of its kind, according to a bookrunner.
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A complaint was filed on Monday night in the U.S. District Court in Manhattan on behalf of holders of BRF's American Depositary Receipts from April 4, 2013 to March 2, 2018, and seeks to let them sue as a group in a class action.
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Shire, which makes drugs to treat hyperactivity as well as rare diseases, reported second-quarter revenue of $2.43 billion while non-GAAP earnings per American Depositary Receipt, its preferred earnings measure, rose 29 percent to $3.38, beating analyst forecasts of $2.23 billion and $13, respectively.
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But a 22019 percent rise in quarterly net profit, the state of its key financial business and no upgrade to the guidance outweighed the announcement of a bonus issue of equity shares and stock dividend of American depositary shares in a 22:1 ratio.
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BEIJING/SHANGHAI (Reuters) - China's securities regulator on Friday published draft rules on the issuance of China Depositary Receipts, or CDRs, paving the way for domestic flotation of offshore-listed tech giants and the launch of a cross-broader link of exchanges in Shanghai and London.
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For more, click on * Addex Therapeutics Ltd said it submitted a draft registration statement to the United States Securities and Exchange Commission (SEC) in connection with a proposed listing of American Depositary Shares (ADSs) representing the company's shares on the Nasdaq Stock Market (Nasdaq).
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BHP is also concerned that changing its stock listing — by making its British shares its primary stock and reducing its Australian shares to essentially depositary shares — could prompt a fight from an Australian government wary of reducing the status of a homegrown corporate icon.
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Ryanair announced the 700 million euro buyback last month, guiding that it expected to split it between 500 million euros of shares in underlying American Depositary Shares (ADS) and 200 million of ordinary shares, but that the board had discretion to revise this allocation.
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Trading of its Braskem's American depositary shares (ADS) has been suspended and holders can ask the Bank of New York Mellon to exchange each of their shares for two underlying preferred Class A shares, which are traded on the Brazilian Stock Exchange, the company said bit.
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China-based music streaming company Tencent Music Entertainment Group's has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its American depositary shares (ADRs) at the low end of its indicated $13 to $15 per share range, a source said on Tuesday.
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Schofield said investors who lost money in Credit Suisse's American depositary receipts could pursue claims that the bank, Chief Executive Tidjane Thiam and other defendants intended to mislead them, by touting its "comprehensive" risk controls and "binding" limits on its exposure to risky and illiquid debt.
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As part of the tender offer, a Megafon unit will buy up to 128,9.615.8,036 of the issued and outstanding ordinary shares and global depositary receipts (GDRs), or 20.8 percent of the firm's issued and outstanding shares, for $9.75 for each ordinary share and for each GDR.
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Chinese workers build these companies up, and the value accretes to American capitalists ("Socialism with Chinese Characteristics," I guess?) Now, the central government is proposing new rules that would allow these companies to come back to the mainland through the use of Chinese Depositary Receipts, or CDRs.
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An exchange-traded fund tracking Brazil's benchmark Bovespa stock index fell more than 8 percent in Tokyo, while American depositary receipts for Petrobras fell as much as 11 percent in after-hours New York trading as investors ditched Brazilian assets at the sight of more political turmoil.
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In a complaint filed on Wednesday in the U.S. District Court in Manhattan, investors led by the Jackson County Employees' Retirement System in Michigan said BHP inflated the price of its American depositary receipts by ignoring safety risks and overstating its commitment to safety before the disaster.
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NYSE notified ICA in January that its American Depositary Shares were trading below $1 for more than 30 days in a row, "and therefore did not meet the requirements for continued listing on the NYSE, subject to a six-month cure period", ICA said in a statement.
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Around $300 million worth of shares are slated to be sold, one of the sources said, adidng the offering will take place in the form of global depositary receipts and may launch with a "registration document" filed to authorities in London as soon as next week.
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"For every business that wants to have a piece of China, I think having a depositary receipt in China is a very, very sensible option, both as a marketing tool and as a platform to raise awareness and investor profile over the longer term," he said.
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As part of the planned fundraising, HDFC Bank will issue up to 85 billion rupees worth of shares to HDFC Ltd on a preferential basis, while the remainder will be raised via modes including American Depositary Receipts and a share sale in India to institutional investors.
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"In a move that has been in the making for more than a decade, the London-Shanghai stock connect plans to make the bank the first offering of Chinese depositary receipts — a tradeable security that reflects underlying shares listed elsewhere," the FT's Don Weinland and Emma Dunkley reported.
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Com Inc * Controlled unit Sogou to submit on to United States SEC a draft registration statement for possible IPO of American depositary shares * Sogou number and dollar amount of ads proposed to be offered and sold have not yet been determined Source text for Eikon: Further company coverage:
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LONDON (Reuters) - The London Stock Exchange said on Friday that it would cancel plans to suspend trading in global depositary receipts (GDRs) of En+, following a decision by the U.S. Treasury Department to give U.S. investors more time to divest from the company which is affected by sanctions against Russia.
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American Depositary Shares (ADSs) in the United States at a public offering price of USD 3.50 per ADS, resulting in net proceeds to Telenor of USD 486,281,250 * Vimpelcom closed at $3.63 per ads on Thursday Source text for Eikon: Further company coverage: (Reporting By Ole Petter Skonnord, editing by Camilla Knudsen)
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China may allow its offshore-listed tech giants to sell a form of shares on the mainland, or China depositary receipts (CDRs), people with knowledge of the plan have said, in a move that would pit Shanghai and Shenzhen against Hong Kong in the battle to host the country's tech giants.
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This coverage - the highest among peer programmes - incorporates Fitch's interest rate stresses and is based on the average monthly offshore flows across the last 12 months (December 2016-November 2017), to the extent they were processed through designated depositary banks (DDBs) other than Isbank AG, a fully owned subsidiary of Isbank.
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LONDON (Reuters) - Huatai Securities on Tuesday set a price range of $20 to $24.50 per global depositary receipt to raise $1.2 billion, becoming the first Chinese company to sell shares in London in a deal set to value the brokerage up to $1.8 billion, one of the bookrunners handling the sale said.
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However, Egyptian pound values of local blue chips have now largely caught up with their global depositary receipts - Commercial International Bank's last close of 67.22 pounds, for example, works out to a GDR price of $4.10 at an exchange rate of 16.40 pounds to the dollar, compared to the GDRs' last close of $4.18.
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There was an increase of 9.7 pct on acquisition of BG. * Says a Q4 2016 dividend has been announced of $0.47 per ordinary share and $0.94 per American depositary share ("ads") * Says Royal Dutch Shell is expected to announce a dividend of $0003 per ordinary share and $0.94 per ads in respect of Q1 2017.
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Short sellers - who hope to profit by selling borrowed shares and buying them back later at a lower price - logged a one-week paper profit of $104.77 billion in the last week of February, according to data from financial technology and analytics firm S3 Partners measuring bets against U.S.-listed stocks and American Depositary Receipts.
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None of Qualcomm, the members of its Board of Directors, the dealer manager, the information agent or the depositary makes any recommendation as to whether any stockholder should participate or refrain from participating in the Offer or as to the price or prices at which stockholders may choose to tender their shares in the Offer.
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Global depositary receipts (GDRs) in oil giant Rosneft were down 303%, GDRs of Russia's No.2 oil producer Lukoil fell 18.5% and gas producer Novatek saw its GDRs weaken by 16.7% Yet another drop in the rouble and oil prices could be sensitive for authorities and President Vladimir Putin, who last week blamed low oil prices on falling household incomes.
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BRUSSELS, Dec 20 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: — Qatari Diar Real Estate Investment Company Q.P.S.C., a subsidiary of the Qatar Investment Authority, will acquire joint control alongside DV4 Limited, Oxford Jersey Holding Company Limited and Stichting Depositary APG Strategic Real Estate Pool over an existing UK real estate undertaking (approved Dec.
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Large FX-adjusted corporate account outflows occurred in Bank VTB (RUB3371956 billion, 337124%, offsetting RUB337108 billion inflow in May), Joint Stock Company Gazprombank (RUB33717 billion, 3371495%), Credit Bank of Moscow (RUB3371956 billion, 33710003%), the Moscow Exchange group's National Clearing Centre and National Settlement Depositary (together RUB33717 billion), Jugra (RUB3371495 billion, 3371956%, prior to the imposition by the CBR of a moratorium on deposit withdrawals and subsequent licence withdrawal in July) and Sviaz-Bank (RUB21750 billion, 21000%).
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As depositary for tender offer and D.F. King & Co Inc, as information agent * Winmark Corp - commencement of a self-tender offer to purchase up to 400,000 shares, for a price of $124.48 per share * Winmark Corp- company intends to finance tender offer with its existing revolving credit facility as well as an additional term loan * Winmark Corp - offer will expire at 12:00 midnight, eastern time, on August 16 Source text for Eikon: Further company coverage:
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Tuttle also notes the growing number of far-flung tech companies looking to list their share in the U.S. Among these are three China-based companies with plans to raise hundreds of millions of dollars by selling American depositary shares in the not-too-distant future, including Bilibili, a nine-year-old, Shanghai, China-based anime video sharing platform; iQiyi, an eight-year-old Beijing-based video streaming service; and OneSmart, a 10-year-old, Shanghai, China-based K-12 after-school education provider.
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Announces first quarter 224 results * Sees fy 213 revenue rmb 221 billion to rmb 2121 billion * Sees q22016 2017 revenue rmb 443.5 million to rmb 456.5 million * Sees q2 2017 revenue up 21.4 to 1213 percent * Q1 revenue rose 23.5 percent to rmb 332.7 million * Tarena international inc - qtrly non-gaap loss per class a and class b ordinary share $0.24 * Tarena international inc -qtrly basic and diluted loss per american depositary share were rmb0.44 * Tarena international inc - total course enrollments in q1 of 2017 increased by 16.0% to 24,500 from 21,121 in same period in 2016 Source text for Eikon: Further company coverage:
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Enters into definitive merger agreement for going private transaction * Entered into a definitive agreement and plan of merger with shanda investment holdings limited and ku6 acquisition company limited * Shanda investment will acquire co for cash consideration equal to us$0.0108 per ordinary share or us$1.08 per american depositary share * As of date of agreement, shanda investment beneficially owns about 69.9% of co's issued and outstanding shares * Shanda investment holdings limited intends to fund transaction through cash at hand * Board of directors unanimously approved agreement * Will merge with and into co, with co continuing as surviving company and becoming a wholly owned unit of shanda investment holdings Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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