The Bank of New York Appointed as Depositary by Japan Airlines Corporation for Its Sponsored 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 -- The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , a global leader in securities servicing, has been selected by Japan Airlines Corporation (JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. ) as depositary for its sponsored American depositary receipt sponsored American Depositary Receipt An American Depositary Receipt in which the company whose shares are held in custody has direct involvement in issuance of the ADRs. (ADR ADR - Astra Digital Radio ) program. Each ADR represents five ordinary shares of the company. The ordinary shares trade on the Tokyo, Osaka, and Nagoya Stock Exchanges, and the ADRs trade on the Over-The-Counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. under the symbol "JALSY." JAL is the parent company of a group that provides scheduled and non-scheduled air transport and related services. The company's services include international and domestic passenger flights, air cargo, in-flight meal catering, aircraft maintenance, aircraft fueling, and other airport-related services. In addition, JAL, through its subsidiaries, provides travel agency, airport limousine, aircraft leasing, real estate, and credit card and other financing services, and operates hotels, resort facilities, and duty-free shops. The Bank of New York is the world's largest depositary for American and global depositary receipts, allowing non-U.S. companies to offer dollar-denominated securities to investors worldwide. The Bank currently issues depositary receipts for over 1,180 American and global depositary receipt programs from issuers in over 60 countries, representing 64 percent of all sponsored programs worldwide. The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK) plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global financial institutions, asset managers, governments, non-profit organizations, corporations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com. This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering is made only by means of the prospectus. |
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