DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Bethel - 1 Jason Xue - 1 Tom Westbrook - 1 Varun - 1
Top related locs:
SHANGHAI SINGAPORE Bethel China GDR Europe Shanghai SIX Swiss
Top related orgs:
Bethel Automotive Safety Systems - 1 SIX - 1 SIX Swiss Exchange - 1 Supply - 1 Thomson - 1

Search resuls for: "Swiss GDR"


2 mentions found


☆ Another Chinese company scraps GDR plan as listing rules tighten
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI/SINGAPORE, June 20 (Reuters) - Bethel Automotive Safety Systems Co (603596.SS) scrapped plans to issue Global Depository Receipts (GDR), citing changes in domestic and overseas capital market conditions, after China tightened rules for GDR listings. The new GDR rules by China's securities regulator last month put curbs on the use of proceeds and made issuances liable to national security reviews, potentially dampening Chinese companies' interest in listing in Europe, bankers said. The Shanghai-listed automotive braking system manufacturer said on Monday it decided to terminate the GDR plan after considering its financial and operational situations. Earlier this month, Shenzhen-listed medical devices maker Jiangsu Yuyue Medical Equipment & Supply Co (002223.SZ) cancelled a proposed Swiss GDR offering plan, citing changes in market conditions. Reporting by Jason Xue in Shanghai and Tom Westbrook in Singapore; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.
Persons: Bethel, Jason Xue, Tom Westbrook, Varun Organizations: Bethel Automotive Safety Systems, SIX, SIX Swiss Exchange, Supply, Thomson Locations: SHANGHAI, SINGAPORE, Bethel, China, GDR, Europe, Shanghai, SIX Swiss, Shenzhen, Jiangsu, Swiss GDR, Zurich, London, U.S, Singapore
☆ China-Swiss stock link has flimsy foundations
  + stars: | 2023-03-17 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +4 min
Concerns that Chinese investors are buying overseas to make a quick profit at home are valid. Since last year, 11 Chinese companies have raised a combined $3.6 billion by selling GDRs on the Six Swiss Exchange, data from Dealogic show. Savvy punters with access to foreign funds can therefore make a quick and relatively risk-free profit by shorting the Chinese stock and buying the discounted GDRs. This helps explain why Swiss shares of Chinese companies barely trade. Since the launch of a China-Swiss stock scheme in 2022, 11 Chinese companies have raised a combined $3.6 billion, according to data from Dealogic.
0 next >>
Total: 2