, China
Photo by Mike Mozart via Wikimedia Commons.

Citi appointed depositary bank for Hangke’s GDR program

This is in connection with Hangke’s $172.85m IPO of tis GDRs.

Citi’s Issuer Services has been appointed as the depositary bank for the global depositary receipt (GDR) program of Zhejiang HangKe Technology Incorporated Company (Hangke).

HangKe is a China-based company engaged in the design, R&D, production, sales and services of  lithium-ion battery formation and grading equipment and system.

ALSO READ: Citibank Singapore names retail banking head

Hangke’s GDR Program was established in connection with a US$172.85m initial public offering of the company’s GDRs, priced at US$13.69 per GDR. The GDRs are listed on the SIX Swiss  Exchange under the symbol “ZHT”. Each GDR represents two A shares. 

The A shares are listed and traded on the Sci-Tech Innovation Board (STAR Market) of the Shanghai Stock Exchange.

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