BNY Mellon Announces Taiwan's First Global Depositary Receipt Offering in 2010 for Wintek Corporation
HONG KONG and NEW YORK, May 18 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, will act as depositary bank for Wintek Corporation (Wintek), which has raised capital in the form of 30 million global depositary receipts (GDRs). Each Wintek GDR represents five ordinary shares and trades on the Luxembourg Stock Exchange under the symbol "WTK." Wintek's ordinary shares trade on the Taiwan Stock Exchange under the code "2384." Wintek GDRs and ordinary shares have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the U.S. (absent registration or an applicable exemption from the registration requirements).
With more than 37,000 employees, Wintek designs, develops, manufactures and sells indium tin oxide (ITO) glass, touch panels, light guides, liquid crystal displays and liquid crystal modules. The firm's touch-display technology is used in a large number of mobile devices and products, including mobile phones, digital still cameras, portable navigation devices, portable music players, digital picture frames, and ultra-mobile PCs. Through its subsidiaries, Wintek also produces machinery and equipment used in the manufacture of related electronic components, parts and accessories.
"We are very pleased with the success of this recent follow-on offering and its uptake," said James Chen, vice president of Wintek. "As always, BNY Mellon's experts were able to complete the transaction flawlessly so we could focus on our business and our investors."
"Wintek, which creates cutting edge technology integral to today's ever advancing electronics marketplace, is a great example of our view of the Asia-Pacific region," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business. "Taiwan is an important and dynamic market with a healthy pipeline of companies looking to gain global visibility and investment through DR programs."
BNY Mellon has been active in supporting issuers in Taiwan since 1992. Today, there are more than 115 DR programs for companies from Taiwan. In 2009, Taiwanese firms raised more than $2.3 billion in capital through the issuance of 10 depositary receipt offerings, and four of the world's 10 largest DR IPOs were from Taiwan last year.
BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Learn more at www.bnymellon.com.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
SOURCE BNY Mellon
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