Chinese Company Fangda Carbon New Material Co. Lists Its GDRs On SIX Swiss Exchange

Today, Fangda Carbon New Material Co. (Ticker "FDCB") becomes the second company to list Global Depository Receipts (GDRs) on SIX Swiss Exchange in 2023.

Fangda Carbon New Material Co. placed 22,000,000 GDRs at an issue price of USD 8.63 per GDR, with one (1) GDR representing an interest in ten (10) A-shares of the company. The A-shares of the company are listed on the Shanghai Stock Exchange. Fangda Carbon New Material Co. raised gross proceeds of approximately USD 190 million from the GDRs offering.

Fangda Carbon New Material Co. is an integrated carbon materials producer in China with diversified product offerings, including graphite electrodes, carbon blocks, isostatic graphite and iron ore concentrates.  

More information about Fangda Carbon New Material Co.