BNY Mellon Named as Depositary by Hermes Microvision, Inc. for its GDR program

Over $2.1 billion raised through DR offerings by Taiwanese companies in 2013

Nov 14, 2013, 07:00 ET from BNY Mellon

NEW YORK and TAIPEI, Taiwan, Nov. 14, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed by Hermes Microvision, Inc. (HMI) as depositary bank for its Global Depositary Receipt (GDR) program. Each HMI GDR represents one ordinary share. The GDRs are listed on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market. HMI's ordinary shares are listed under the stock code "3658" on Taiwan's GreTai Securities Market. 

Year-to-date through early November, more than $2.1 billion has been raised through DR offerings by Taiwanese companies, including those by HMI, Innolux, AUO, Himax, Fubon, and Wisdom Marine, according to BNY Mellon data.

"Robust DR capital raisings in Taiwan have been a bright spot this year amidst stronger activity in Asia-Pacific as a whole," said Christopher Kearns, CEO of BNY Mellon's Depositary Receipts business. "HMI's decision to move forward shows how we can help Taiwanese firms maximize the competitive advantages of DRs in tapping the world's investors."

Established in 1998, HMI has been committed to the research and development of advanced E-beam Inspection tools and solutions for advanced semiconductor manufacturers and foundries. The company is headquartered in Hsinchu, Taiwan, and its business operations are primarily in Taiwan, the U.S., and the People's Republic of China, with other offices in South Korea and Japan.

BNY Mellon has been in Taiwan for over 40 years and was granted a branch license in 1973. BNY Mellon provides a wide variety of products and services to Taiwanese institutions and pension funds, including treasury services, asset management, asset servicing, depositary receipts, and foreign exchange.

The HMI GDRs have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the U.S., absent registration or an applicable exemption from the registration requirements.

BNY Mellon acts as depositary for more than 2,700 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

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration, and $1.5 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at, 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.


Joseph F. Ailinger Jr.

Dori Flanagan

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