Citi Appointed as Depositary Bank for Joincare Pharmaceutical Group Industry Co., Ltd.’s GDR Program
Citigroup, Inc. (C)
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Source: Business Wire
Continued Participation in China-Swiss Stock Connect GDR Programs NEW YORK--(BUSINESS WIRE)--Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by Joincare Pharmaceutical Group Industry Co., Ltd. (“Joincare”) – an innovative and scientific research-oriented pharmaceutical group engaged in the research and development, production and distribution of pharmaceuticals and healthcare products – to act as Depositary Bank for its Global Depositary Receipt (“GDR”) program.Joincare’s GDR program was established in connection with a US$92,035,650 initial public offering of its GDRs, priced at US$14.42 per GDR. The GDRs are listed on the SIX Swiss Exchange under the symbol “JCARE”. Each GDR represents ten (10) A shares. Joincare’s A shares are listed and traded on the Shanghai Stock Exchange (“SSE”) under the stock code 600380.Mr. Zhu Baoguo, Chairman of the Company, commented:“We are delighted with our successful GDR Offering, and we would like to extend our g
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