-

Citi Appointed as Depositary Bank for the GDR Program of Will Semiconductor Co., Ltd. Shanghai

NEW YORK--(BUSINESS WIRE)--Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Will Semiconductor Co., Ltd. Shanghai (“Will Semiconductor”) to act as the Depositary Bank for its Global Depositary Receipt (“GDR”) Program.

Will Semiconductor’s GDR Program was established in connection with a US$445 million offering of its GDRs, priced at US$14.35 per GDR. The GDRs are listed on the SIX Swiss Exchange under the symbol “WILL”. Each GDR represents one (1) A share. Will Semiconductor’s A shares are listed and traded on the Shanghai Stock Exchange under the stock code 603501.

“Citi is pleased to be the Depositary Bank for Will Semiconductor, supporting their GDR program. We are proud to continue as the lead depositary bank for companies listed via the China Connect scheme, on both the London Stock Exchange and the SIX Swiss Exchange,” said Dirk Jones, Global Head of Citi’s Issuer Services. “Citi’s 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 Global Communications
+1 (212) 816-9267
Nina.Das@citi.com

Industry:

Citi

NYSE:C
Release Versions
English

Contacts

Media:
Nina Das
Citi Global Communications
+1 (212) 816-9267
Nina.Das@citi.com

More News From Citi

Citi Becomes First Bank to Launch Multi-Market Instant Payments on the Swift Payments Scheme

NEW YORK--(BUSINESS WIRE)--Today, Citi announced that it is the first bank to go live with multiple markets on the Swift payments scheme. This solution, enabled through Citi’s Global Clearing network and WorldLink® Payment Services, allows bank clients to access multiple cross-border instant payment markets through a single account structure and eliminates the need for separate local banking relationships, bilateral agreements, or local technical infrastructure. Citi plans to expand this capabi...

Citi Investor Services Reimagines Market Guide Platform, Harnessing AI to Deliver Timely Intelligence for Decision Makers

MIAMI--(BUSINESS WIRE)--Today, at Sibos, Citi Investor Services announced the launch of its enhanced Market Guide platform, using AI to deliver faster and smarter post-trade market intelligence from Citi’s over 100 custody markets globally, including 62 proprietary custody branches. Citi’s institutional investor clients make consequential decisions daily, for their own portfolios and on behalf of their own clients. In faster-moving markets, clients want more than accessing information; they nee...

Citi® Token Services Expands Global Footprint Into Japan and UAE

NEW YORK--(BUSINESS WIRE)--Citi today announced the expansion of Citi Token Services into Japan and the United Arab Emirates (UAE), advancing our strategy to build a more connected, always-on financial ecosystem for corporate and financial institutional clients. The expansion is the latest milestone in Citi Services’ broader digital assets strategy, which is focused on solving real-world client needs by building bank-grade capabilities that connect traditional financial infrastructure with emer...
Back to Newsroom