On 28 March 2013, the Luxembourg Stock Exchange listed and admitted to trading an issue of global depositary shares from Asustek Computer Inc of Taiwan.
Previously listed on the London Stock Exchange, this brings to forty-seven the number of Taiwanese companies currently listing some form of depositary receipt in Luxembourg.
Asustek Computer Inc, a computer hardware and electronics company and a leading notebook maker, listed 6,319.844 million global depositary shares each representing five common shares of the company via two quotations lines (ISIN US04648R5063 and ISIN US04648R6053). They were admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange.
In total, two hundred and forty-five companies from eighteen countries list these types of instruments on the Luxembourg Stock Exchange, which first listed a depositary receipt in 1964.
Global depositary shares are instruments that represent shares in underlying issuing companies and are used by companies in certain markets to enable them to have access to foreign capital markets. For foreign investors, mainly institutional, such instruments are often the simplest means to invest in a company in some countries.
