Citibank Launches ADR Program for Pacific Century CyberWorks Limited.Business Editors NEW YORK--(BUSINESS WIRE)--August 22, 2000 Following acquisition of Cable & Wireless HKT, Pacific Century CyberWorks Limited begins trading today on NYSE NYSE See: New York Stock Exchange . Citibank announced today it has launched an American Depositary Receipt American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADR ADR - Astra Digital Radio ) program for Pacific Century CyberWorks Limited (PCCW PCCW Pacific Century CyberWorks PCCW Palmer College of Chiropractic West (San Jose, California) ). This ADR offering follows PCCW's August 17 acquisition of Cable & Wireless HKT Limited (HKT). The American Depositary Shares (ADSs) will trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE). Each ADS issued under the program represents ten ordinary shares and trades under the symbol "PCW" (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. #694059 10 6). PCCW's shares trade on The Stock Exchange of Hong Kong Stock Exchange of Hong Kong (SEHK) Only stock exchange located in Hong Kong. (SEHK-0008). For more information about PCCW, please visit www.pcg-group.com. Citibank Depositary Receipt Services leads the market in bringing quality issuers to the U.S. market and promoting ADRs as an effective capital markets tool. Citibank began offering American Depositary Receipts in 1928 and today is the market leader, widely recognized for delivering high quality, highly liquid programs to its customers. Citibank Depositary Receipt Services is a part of Citibank Worldwide Securities Services (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle) WWSS Warfare and Warfare Support System ), a business within Citigroup's Global Corporate and Investment Bank. WWSS serves global issuers, investors and intermediaries through the world's largest and most acclaimed proprietary custody and clearing network, spanning 51 countries and territories. It currently provides securities services to more than 2,500 customers worldwide and has $4 trillion in assets under custody. WWSS is the industry's premier custodian of cross-border assets, top ranked global clearer and recognized leader in depositary receipt services, and agency and trust services. Citigroup (NYSE:C), one of the world's most global financial services companies, provides some 100 million consumers, corporations, governments and institutions in 102 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citigroup and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit and Primerica under Citigroup's trademark red umbrella. Visit our web site at www.citibank.com/adr. Information contained herein is a matter of record only. It should not be construed as advice or a recommendation by Citibank. |
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