Dec 21, 2012
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.”
Kenneth Tse, Asia Pacific Head of J.P. Morgan’s depositary receipts group, said: “We are very pleased to have partnered with Chailease Holding, on this important phase in their expansion plans. This partnership further demonstrates our capabilities in supporting Asian corporates in their quest to raise capital and expand globally. We look forward to providing a strong base for their future growth and success.”
Re-disseminated by The Asian Banker