Catcher Technology Appoints JP Morgan as Depositary for First GDR Listing
Catcher Technology has appointed JP Morgan as depositary bank by for the company’s US$220m global depositary receipt (GDR) listing, a deal which represented its first ever GDR listing.
Catcher Technology, a Taiwanese manufacturer of magnesium and aluminium casings for PCs and consumer electronics, issued 6.7 million global depositary shares (GDS). The company will use the capital raised to expand its China platform, including a planned investment in its subsidiaries incorporated in China.
James Wu, chief financial officer (CFO), Catcher Technology, said: “JP Morgan’s experienced depositary receipts team played an important role in our first ever GDR listing. Ken [Tse] and his team guided us smoothly through the process from start to finish, with the end result being an extremely successful GDR listing.”