BNY Mellon will be depositary bank for Unicharm
26 July 2012 New York
Image: Shutterstock
BNY Mellon will be the sponsored depositary bank for Unicharm Corporation’s American depositary receipt (ADR) programme.
Previously, Unicharm traded as an unsponsored ADR program serviced by multiple depositaries.
It has five business segments: baby and child care, feminine care, health care, clean & fresh, and pet care.
"We look forward to using our new ADR program to make our equity more available to investors in the US," said Yasushi Akita, executive officer, general manager of Accounting Control & Finance Head Office for Unicharm.
"Unicharm's decision to convert their unsponsored program to a sponsored ADR program shows their commitment to reaching the global investment community," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business.
Previously, Unicharm traded as an unsponsored ADR program serviced by multiple depositaries.
It has five business segments: baby and child care, feminine care, health care, clean & fresh, and pet care.
"We look forward to using our new ADR program to make our equity more available to investors in the US," said Yasushi Akita, executive officer, general manager of Accounting Control & Finance Head Office for Unicharm.
"Unicharm's decision to convert their unsponsored program to a sponsored ADR program shows their commitment to reaching the global investment community," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
.jpg)