J.P. Morgan Appointed Depositary Bank by Catcher Technology for First GDR Listing
HONG KONG - J.P. Morgan has been appointed depositary bank by Catcher Technology Co., Ltd. (“Catcher Technology”) for the company’s USD 220 million Global Depositary Receipt (“GDR”) listing, a deal which represented its first ever GDR listing.
Catcher Technology, a Taiwanese manufacturer of magnesium and aluminum casings for PCs and consumer electronics, issued 6.7 million global depositary shares (“GDS”). The capital raised will be used by Catcher Technology to expand its China platform, including a planned investment in its subsidiaries incorporated in China.
James Wu, Chief Financial Officer, Catcher Technology, said: “J.P. Morgan’s experienced depositary receipts team played an important role in our first ever Global Depositary Receipt listing. Ken and his team guided us smoothly through the process from start to finish, with the end result being an extremely successful GDR listing.”
Kenneth Tse, Asia Pacific Head of J.P. Morgan’s depositary receipts group, added: “Our unwavering commitment to our clients combined with our leading global depositary receipt platform means we are able to create and deliver significant value and impact for our customers, helping them reach their strategic objectives and moving them forward as they build their business amidst Asia’s dynamic growth story.”
J.P. Morgan is committed to working closely with its clients to design and implement customized depositary receipt programs to achieve their strategic goals and facilitate DR liquidity. J.P. Morgan, which launched the world’s first DR program in 1927 for Selfridges and the first DR program in Asia in 1961 for Sony, continues to serve as depositary receipt bank for leading companies throughout the region. J.P. Morgan provides a full range of American Depositary Receipt (“ADR”) and GDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. For more information on depositary receipts and international equities, please visit J.P. Morgan’s award-winning website, www.adr.com.
About Catcher Technology Co., Ltd.
Founded in 1984, Catcher Technology Co., Ltd. (“Catcher Technology”) is one of the leading providers of magnesium and aluminum casings for PCs and consumer electronics in Taiwan. Providing end-to-end solutions for a blue-chip list of global customers, Catcher Technology manufactures, processes and distributes casings and components through a network of production facilities, which handle die casting, press, forging, extrusion and injection molding, among others. Catcher Technology is listed on the Taiwan Stock Exchange (2474.TW).
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, WSS leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world. It has $16.6 trillion in assets under custody and $7.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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