{"id":770969,"date":"2023-07-19T12:54:29","date_gmt":"2023-07-19T16:54:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-the-gdr-program-of-zhejiang-yongtai-technology-co-ltd\/"},"modified":"2023-07-19T12:54:29","modified_gmt":"2023-07-19T16:54:29","slug":"citi-appointed-as-depositary-bank-for-the-gdr-program-of-zhejiang-yongtai-technology-co-ltd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-the-gdr-program-of-zhejiang-yongtai-technology-co-ltd\/","title":{"rendered":"Citi Appointed as Depositary Bank for the GDR Program of Zhejiang Yongtai Technology Co., Ltd."},"content":{"rendered":"

<\/p>\n

Citi Appointed as Depositary Bank for the GDR Program of Zhejiang Yongtai Technology Co., Ltd.<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCiti\u2019s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Yongtai Technology Co., Ltd. (\u201cYongtai\u201d) \u2013 a leading manufacturer of fluorine-containing fine chemicals in the industry \u2013 to act as the Depositary Bank for its Global Depositary Receipt (\u201cGDR\u201d) Program.<\/p>\n

\nYongtai\u2019s GDR Program was established in connection with a US$70 million initial public offering of its GDRs, priced at US$9.41 per GDR. The GDRs are listed on the London Stock Exchange under the symbol \u201cYTT\u201d. Each GDR represents five (5) A shares. Yongtai\u2019s A shares are listed and traded on the Shenzhen Stock Exchange under the stock code 002326. This is the first Shenzhen Stock Exchange listed company to issue and list GDRs on the London Stock Exchange through the Shenzhen-London Stock Connect program.<\/p>\n

\n\u201cWe are pleased to be the Depositary Bank for Yongtai\u2019s LSE-Listed GDR Program, as well as serve as the depositary bank for the first ever Shenzhen-London Stock Connect GDR program,\u201d said Dirk Jones, Global Head of Issuer Services at Citi. \u201cCiti\u2019s cross-regional capabilities, global network, the ability to enhance investor access, and our experience gained from the previous GDR programs will serve Yongtai well. We expect to see more issuers raise capital and brand themselves through the Connect Scheme.\u201d<\/p>\n

\nCiti 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.<\/p>\n

\nFor more information about Citi\u2019s Depositary Receipt Services, please visit www.citi.com\/dr<\/a>.<\/p>\n

About Citi<\/b><\/p>\n

\nCiti 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.<\/p>\n

\nAdditional information may be found at www.citigroup.com<\/a> | Twitter: @Citi | LinkedIn: www.linkedin.com\/company\/citi<\/a> | YouTube: www.youtube.com\/citi<\/a> | Facebook: www.facebook.com\/citi<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230719422547\/en\/<\/a><\/span><\/p>\n

\nNina Das
\n
Nina.Das@citi.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Business Manufacturing Professional Services Chemicals\/Plastics<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Citi Appointed as Depositary Bank for the GDR Program of Zhejiang Yongtai Technology Co., Ltd. NEW YORK–(BUSINESS WIRE)– Citi\u2019s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Yongtai Technology Co., Ltd. (\u201cYongtai\u201d) \u2013 a leading manufacturer of fluorine-containing fine chemicals in the industry \u2013 to act as the Depositary Bank for its Global Depositary Receipt (\u201cGDR\u201d) Program. Yongtai\u2019s GDR Program was established in connection with a US$70 million initial public offering of its GDRs, priced at US$9.41 per GDR. The GDRs are listed on the London Stock Exchange under the symbol \u201cYTT\u201d. Each GDR represents five (5) A shares. Yongtai\u2019s A shares are listed and traded on the Shenzhen Stock Exchange under the stock code 002326. This … <\/p>\n

Continue reading “Citi Appointed as Depositary Bank for the GDR Program of Zhejiang Yongtai Technology Co., Ltd.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-770969","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCiti Appointed as Depositary Bank for the GDR Program of Zhejiang Yongtai Technology Co., Ltd. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-the-gdr-program-of-zhejiang-yongtai-technology-co-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Appointed as Depositary Bank for the GDR Program of Zhejiang Yongtai Technology Co., Ltd. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Appointed as Depositary Bank for the GDR Program of Zhejiang Yongtai Technology Co., Ltd. NEW YORK–(BUSINESS WIRE)– Citi\u2019s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Yongtai Technology Co., Ltd. (\u201cYongtai\u201d) \u2013 a leading manufacturer of fluorine-containing fine chemicals in the industry \u2013 to act as the Depositary Bank for its Global Depositary Receipt (\u201cGDR\u201d) Program. Yongtai\u2019s GDR Program was established in connection with a US$70 million initial public offering of its GDRs, priced at US$9.41 per GDR. The GDRs are listed on the London Stock Exchange under the symbol \u201cYTT\u201d. Each GDR represents five (5) A shares. Yongtai\u2019s A shares are listed and traded on the Shenzhen Stock Exchange under the stock code 002326. 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