asias-dr-revolution

AsiaÆs DR revolution

The development of new products confirms Asia is no longer just an importer of capital.
Forty-six years after Sony became the first Asian company to use ADRs to list in the US, Asia could be on the cusp of a new trend that will see depositary receipts being used to attract international issuers into the major equity markets in the region.

Singapore has broken new ground by allowing global depositary receipts GDRs to list on its exchange with the aim of offering an alternative for overseas companies that otherwise would have ended up in London or Luxembourg.

However, there is more to this trend than simply snatching existing instruments away from their traditional homes, and industry bankers say work is currently going on with regard to the...
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