Citi’s Issuer Services business, acting through Citibank N.A., has been appointed by Hanwha Chemical Co., Ltd. (“Hanwha”), a Korea-based company, as the depositary bank for its Global Depositary Receipt (GDR) program.
Hanwha’s GDR program was established through a $340 million offering, originally priced at $15.70 per GDR. The GDRs are listed on the Singapore Exchange Securities Trading Limited.
“It’s a privilege to be appointed the Depositary Bank by Hanwha,” said Dirk Jones, Head of Global Issuer Services at Citi. “With Citi’s investor relations expertise and unparalleled global presence, we’re confident that our powerful platform will facilitate the success of Hanwha’s GDR program.”
Citi is a leading provider of Depositary Receipt Services. With Depositary Receipt programs in 55 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide.
For more information about Citi’s Depositary Receipt Services, please visit
For more information about Hanwha, please visit
Hanwha Chemical Co., Ltd.
Hanwha Chemical Corp. engages in the production of chemical related products. Its products include polyethylene, polyvinyl chloride, chlor alkali, soluryl resin, solar energy, Biopharmaceauticals and carbon nano tube. The company was founded in August 1965 and is headquartered in Seoul, South Korea.
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