JPMorgan appointed depository bank by Chailease Holding
Date: Dec 21, 2012
Categories: Markets & Exchanges
Taipei, December 19th 2012 – J.P. Morgan has been appointed global depositary bank by Chailease Holding Co. Ltd. (“Chailease Holding”), which has raised USD 206.16 million with a listing of 24 million Depositary Shares on the Luxembourg Stock Exchange.
Chailease Holding’s Global Depositary Receipts (GDR) program will support the company’s expansion plans in China. Established in Taiwan in 1977, Chailease Holding provides a variety of financing and leasing services for a broad range of assets including equipment for the industrial and transportation industries as well as medical, aircraft and office-related equipment to small and medium enterprises in Taiwan and selected international markets, including the United States, Thailand, China and Vietnam.
Kevin Liao, Chief Strategy Officer at Chailease Holding, said: “This GDR program represents a crucial part of our long-term growth strategy and expansion plans. Throughout the listing process, J.P. Morgan’s depositary receipts team has provided an outstanding level of service. Their in-depth understanding of our business strategy combined with their extensive experience in helping companies tap new markets were critical elements in ensuring that our capital raising objectives were met.”
Re-disseminated by The Asian Banker