BNY Mellon Named as Depositary by WIN Semiconductors Corp. for its GDR Offering and Luxembourg Stock Exchange Listing
NEW YORK, Oct. 18, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been selected as depositary by WIN Semiconductors Corp. for the listing and offering of its global depositary receipts (GDRs). Each WIN GDR represents five common shares. The GDRs are listed on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market. WIN's common shares trade on Taiwan's GreTai Securities Market under the stock code "3105."
WIN GDRs and the underlying ordinary shares have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the U.S., without registration or an applicable exemption from the registration requirements.
Founded in October 1999, WIN Semiconductors makes semiconductor devices on gallium arsenide wafers based on proprietary circuitry. WIN's principal products include power amplifier and radio frequency switch chips used in mobile communication devices such as smartphones. The company's products also power communication systems used in a wide range of other devices including tablet computers, cellular networks, base stations, and satellite communications.
"In coming to market at this time, we particularly value BNY Mellon's DR experience, both in the Taiwan market and in working with technology companies like ours," said Yu-Chi Wang, WIN Semiconductors Corp.'s chief executive officer. "We look forward to our partnership and strategizing our initiatives with BNY Mellon."
"It is encouraging to see technology firms like WIN Semiconductors access global capital in the current economic environment," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business. "From transactional expertise to accessing institutional investors worldwide, we'll work closely with WIN Semiconductors to help raise the visibility of its new GDR program."
BNY Mellon acts as depositary for more than 2,500 American and global depositary receipt programs, acting in partnership with leading companies from 68 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter@BNYMellon.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
SOURCE BNY Mellon