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.

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

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SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
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