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JPMorgan sponsors KLK ADR scheme, BUSINESS TIMES
Business Times (Malaysia), March, 2002
Business Times (Malaysia) 03-19-2002 KUALA Lumpur Kepong Bhd (KLK) says JPMorgan Chase Bank (JPMC) is sponsoring Level 1 American Depositary Receipts (ADR) Program for its shares in the US. The ADR Program has been registered with the US Securities and Exchange Commission and is effective from January 23.
Official notification was received by KLK on February 26. Under the program, a maximum of 21.3 million ordinary shares of RM1 each in KLK, representing about 3 per cent of its current issued and paid-up share capital, will be traded in ADRs in the US in the ratio of one ADR to 10 KLK shares. JPMC as the Depositary Bank, has appointed Malayan Banking Bhd as its sole Custodian of KLK shares for the ADR Program. WORLDSOURCES ONLINE, INC., A JOINT...
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