J.P. Morgan Releases Updated Details On DBS Group Holdings Limited's ADRs.NEW YORK--(BUSINESS WIRE)--Sept. 23, 1999-- J.P. Morgan, as depositary bank for Development Bank of Singapore's ("DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. ") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DEVBY) 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, released updated details on DBS's restructuring into the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. holding company known as DBS Group Holdings Limited ("DBSH") (OTC BB: DBSDY). -0- ADR effective date: September 18, 1999 Old Symbol: DEVBY New Symbol: DBSDY Ratio: 1 ADS: 4 Ordinary shares Old CUSIP: 251594 30 5 New CUSIP: 23304Y 10 0 Share class: Ordinary shares Par value: 1 Singapore Dollar (SGD) Country of incorporation: Singapore Industry: Banking Traded on: OTC Depositary: Morgan Guaranty Trust Company of New York Custodian: Development Bank of Singapore, Singapore DBS American depositary share American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADS) holders will be required to exchange their existing ADSs for new ADSs on the basis of one new DBSH ADS for every DBS ADS surrendered. Please note that the new symbol is DBSDY, not DBSD DBSD Dallas Business Systems Development as previously advised. J.P. Morgan is the world's largest ADR depositary bank. A global banking firm, Morgan serves clients through an integrated range of advisory, financing, trading, investment management, and research capabilities. For more information on ADRs, visit www.adr.com, Morgan's central resource for timely worldwide market intelligence and investor information. For further information on Morgan, visit www.jpmorgan.com. An ADS, or American depositary share, is a U.S. dollar-denominated form of equity ownership in a non-U.S. company. It represents a specified number of foreign shares on deposit at a custodian bank Custodian bank Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. See: Depository Trust Company (DTC) in the issuer's home country and carries the corporate and economic rights of the underlying foreign shares. An ADR, or American depositary receipt, is a certificate evidencing ownership of a certain number of ADS shares. The term ADR is sometimes used to refer to ADS. Neither this announcement nor the information contained herein constitutes an offer or solicitation by J.P. Morgan for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. Information herein is believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. |
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