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Article: Citibank establishes sponsored ADR program for Jinhui Shipping and Transportation Limited.
- Article from:
- Business Wire
- Article date:
- March 1, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--March 1, 1996--Citibank is pleased to announce that it has established a Sponsored American Depositary Receipt (ADR) program for Jinhui Shipping and Transportation Limited, a shipping company headquartered in Hong Kong and listed on the Oslo Stock Exchange.
The ADR shares for the program, for which Citibank acts as depositary, will trade over-the-counter. Each depositary share issued under the program represents twenty Ordinary Shares of Jinhui Shipping and Transportation Limited and will trade under the symbol JNSTY (CUSIP No. 47759A 10 1).
According to the company, the group's core business is ship chartering. The group's ...