Citi Appointed as Depositary Bank for Super Hi International Holding Limited ADR Program
30 Maio 2024 - 1:00PM
Business Wire
Citi Issuer Services, acting through Citibank, N.A., has been
appointed as depositary bank by Super Hi International Holding Ltd.
(“HDL”), a Hong Kong-listed leading Chinese cuisine restaurant
brand operating the Haidilao hot pot restaurant chain in its
international markets outside of Mainland China, Hong Kong, Macau,
and Taiwan, for the initial public offering (the “IPO”) of HDL’s
American Depositary Shares (“ADSs” or “ADRs”), representing its
ordinary shares listed in Hong Kong.
HDL’s ADSs trade on the Nasdaq under the ticker “HDL”. Each ADS
represents ten (10) ordinary shares. The IPO price is US$19.56 per
ADS in connection with a total offering size of US$52.7 million
(exclusive of over-allotment option exercise).
“Citi is committed to providing Super Hi and its investors with
the highest quality ADR services, and the selection as depositary
bank for the company’s ADR program underscores the depth and
breadth of Citi’s cross-border capabilities,” said Dirk Jones,
Global Head of Issuer Services, Securities Services, Citi.
With a focus on enabling the investment process and
approximately US$24 trillion in assets under custody and
administration, Citi Securities Services goes beyond borders to
holistically support securities activity wherever clients need us.
Through an integrated suite of Custody, Execution, Fund and Issuer
Services, Citi connects and serves clients across the entire
investment ecosystem.
Issuer Services is a leading provider of depositary receipt
services. With depositary receipt programs in 67 markets, spanning
equity and fixed-income products, Issuer Services leverages Citi’s
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 more than 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 | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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Media: Harsha Jethnani harsha.jethnani@citi.com +65
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