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JPMorgan Launches Desarrolladora Homex ADR Program.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- JPMorgan has announced the launch of the Desarrolladora Homex, S.A. de C.V. (NYSE NYSE

See: New York Stock Exchange
: HXM) 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 in conjunction with the company's initial public offering of ADRs. The Culiacan, Sinaloa, Mexican-based company builds entry-level and middle-income homes in Mexico.

Each ADR (CUSIP CUSIP

See: Committee on Uniform Securities Identification Procedures


CUSIP

See Committee on Uniform Securities Identification Procedures.
 25030W 10 0) represents six common shares traded on the Mexican Stock Exchange Mexican Stock Exchange

The only stock exchange in Mexico. The Indice de Precios y Cotizaciones, or IPC index, consists of the 35 most representative stocks chosen every two months.
. Additional information on Desarrolladora Homex, S.A. de C.V. is available at www.homex.com.mx.

JPMorgan Chase is a leading global financial services firm with assets of $801 billion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, investment management, private banking and private equity. A component of the Dow Jones Industrial Average Dow Jones Industrial Average

The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange.
, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers nationwide, and many of the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com.

More information on ADRs is available at adr.com, JPMorgan's source for ADRs and international equities. JPMorgan's Global ADRenalin equity research is available through the Bloomberg Professional(R) service under "ADRJ". The pricing and constituent list for the S&P ADR Index, an investable ADR index developed with JPMorgan, is available at adr.com and spglobal.com. Information on JPMorgan's ADR MAX, a Web and trader-enabled platform for broker-dealers and investors to execute ADR-ordinary share cross-book transactions, can be accessed at adrmax.com. For comprehensive search tools on the entire ADR universe, see adr.com/universe.

Neither this announcement nor the information contained herein constitutes an offer or solicitation by JPMorgan 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. An offering is made by means of a prospectus only. Information herein is believed to be reliable, but JPMorgan does not warrant its completeness or accuracy. JPMorgan is the marketing name for J.P. Morgan Chase & Co. Incorporated and its affiliates worldwide. Services offered through JPMorgan Chase Bank and J.P. Morgan Securities Inc., member NYSE/NASD/SIPC.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 29, 2004
Words:366
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