trending Market Intelligence /marketintelligence/en/news-insights/trending/5QqzwnUHtXeHvsqIy-4Ksg2 content esgSubNav
In This List

Swire Properties to terminate American depositary receipts program

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Swire Properties to terminate American depositary receipts program

Swire Properties Ltd. will terminate its American depositary receipts level 1 program, effective Sept. 5, 2019, citing low and dropping participation level.

The Hong Kong-based property developer said the program provided an opportunity for its shares to be traded in the over-the-counter market in the U.S.

According to a Dec. 18 filing, outstanding ADRs represent approximately 0.000003% of Swire Properties' total issued shares.

The Bank of New York Mellon is the program's sponsor.