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SINGAPORE, May 11, 2011 - (ACN Newswire) - Singapore Exchange will add eight more ADRs to its GlobalQuote board on 18 May. All the ADRs are fungible with those listed in the US and allow investors, for the first time, to manage their exposure to these companies round-the-clock.
Five of these ADRs are of major Japanese companies including the world's biggest automaker Toyota Motor Corporation. Two of the new ADRs are from major China companies which only have US listings. Their quotation on SGX will give investors their first-ever opportunity to manage exposures to these companies during the Asian time zone, when news flow relevant to the companies is likely to occur. The eighth ADR is from a major South Korean company, POSCO, one of the world's largest steel makers.
Mr Chew Sutat, Head of Securities at SGX said, "Our increasingly diverse ADR suite enables customers to manage risk and trade across several time-zones with ease and at competitive cost. Recent market events underline the importance of this flexibility and SGX looks forward to bringing more of such products to customers."
Following are the new ADRs:
ADR Name Country of ADR Ordinary
Orgin Listing Share Listing
Focus Media Holdings Ltd ADR China NASDAQ N.A
JA Solar Holdings Ltd ADR China NASDAQ N.A
POSCO ADR South Korea NYSE KRX
Mitsubishi UFJ Financial Grp ADR Japan NYSE TSE
Mizuho Financial Group ADR Japan NYSE TSE
NTT DoCoMo ADR Japan NYSE TSE
Toyota Motor Corporation ADR Japan NYSE TSE
Wacoal Holdings ADR Japan NASDAQ TSE
Contact:
Carolyn Lim
Communications
Tel: +65 6236 8139
Email: Carolyn.lim@sgx.com
Joan Lew
Communications
Tel: +65 6236 8658
Email: Joan@sgx.com
Topic: New Service
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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