-

Citi Appointed as Depositary Bank for the GDR Program of Fangda Carbon New Material Co., Ltd.

NEW YORK--(BUSINESS WIRE)--Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Fangda Carbon New Material Co., Ltd. (“Fangda”), a leading company engaged in the research, development, production and sales of carbon materials, to act as the Depositary Bank for its Global Depositary Receipt (“GDR”) Program.

Fangda’s GDR Program was established in connection with a US$189.86 million initial public offering of its GDRs, priced at US$8.63 per GDR. The GDRs are listed on the SIX Swiss Exchange under the symbol “FDCB”. Each GDR represents ten (10) A shares. Fangda’s A shares are listed and traded on the Shanghai Stock Exchange under the stock code 600516.

“We are pleased to be the Depositary Bank for Fangda, supporting their GDR program. Citi retains its leading position as the depositary bank for companies listed on the China Connect GDR Programs, including the London Stock Exchange and the SIX Swiss Exchange,” said Dirk Jones, Global Head of Citi’s Issuer Services, “Our cross-regional capabilities, global network, the ability to enhance investor access, and experience facilitating the previous Connect GDR Programs serves the issuer well. We expect to see more participation via the Connect Scheme.”

Citi is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.

For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | Twitter: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

Contacts

Media:
Nina Das
Citi Institutional Clients Group
+1 (212) 816-9267
Nina.Das@citi.com

Industry:

Citi

NYSE:C
Release Versions
English

Contacts

Media:
Nina Das
Citi Institutional Clients Group
+1 (212) 816-9267
Nina.Das@citi.com

More News From Citi

Citigroup Declares Common Stock Dividend

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.67 per share, payable on August 28, 2026, to stockholders of record on August 3, 2026. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup’s preferred stock as follows: – 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T, payable August 17, 2026, to holders of record on August 7, 2026. Holders of depositary rece...

Citigroup Announces Full Redemption of Series T Preferred Stock

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of 1,500,000 Depositary Shares each representing a 1/25th interest in its 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T (the “Preferred Stock”). The redemption date is August 15, 2026 for the Preferred Stock and related Depositary Shares (the “Redemption Date”). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on Augu...

Citi Impact Fund Commits to Investing $25 Million in Companies Bringing Innovation to Housing Access and Affordability

NEW YORK--(BUSINESS WIRE)--Today, as part of its five-year Blueprint for Housing Opportunity initiative, the Citi Impact Fund announced that it will invest $25 million in companies propelling innovative solutions for housing access, supply and affordability in communities nationwide. These investments will support entrepreneurs and leaders at the forefront of this work, who are leveraging technology to drive innovation across the housing ecosystem — from AI-enabled platforms that help contracto...
Back to Newsroom