NEW YORK, May 29, 2012 /PRNewswire/ -- BNY Mellon, the
global leader in investment management and investment services, has
been selected as successor depositary by Himax Technologies, Inc.
for its American depositary receipt (ADR) program. Each Himax
ADR represents two ordinary shares and trades on the NASDAQ Global
Select Market under the symbol "HIMX."
Headquartered in Taiwan, Himax
is a semiconductor solution provider dedicated to display image
processing technologies. The company's main products are
display driver integrated circuits and timing controllers used in
TVs, notebook computers, monitors, mobile phones, tablets, digital
cameras, car navigation, and other consumer electronics
devices. Himax employs around 1,400 people throughout
Taiwan, China, Korea, Japan and the U.S. The company has more
than 1,200 global patents.
"We were impressed by the global resources and customized
solutions that BNY Mellon can offer a high growth company such as
ours," said Jackie Chang, Himax
chief financial officer. "We look forward to working with BNY
Mellon on initiatives that will strengthen visibility of our
company and our DR program."
BNY Mellon serves as depositary on 46 of the 127 DR programs for
Taiwanese companies, most of them structured as Global Depositary
Receipts (GDRs). The eight U.S.-listed ADR programs are all
from the technology and telecom sector, with a collective market
cap of roughly $120 billion and
trading over the last 12 months valued at more than $55 billion.[1]
"To be chosen by Himax illustrates our capacity to support
rapidly growing firms in dynamic sectors," said Michael
Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business.
"We'll work closely with Himax on their efforts to grow
liquidity and expand outreach to the global investment
community."
BNY Mellon has been in Taiwan
for more than 40 years and was granted a branch license in 1973.
BNY Mellon provides a wide variety of global products and
services to Taiwanese financial institutions and pension funds
including Treasury Services, Asset Management, Asset Servicing,
Depositary Receipts and Foreign Exchange services.
BNY Mellon acts as depositary for more than 2,500 American and
global depositary receipt programs, acting in partnership with
leading companies from 65 countries. BNY Mellon is committed
to helping securities issuers access the world's rapidly evolving
financial markets and delivers a comprehensive suite of depositary
receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 36 countries and serving more than 100 markets.
BNY Mellon is a leading provider of financial services for
institutions, corporations and high-net-worth individuals, offering
superior investment management and investment services through a
worldwide client-focused team. It has $26.6 trillion in assets under custody and
administration and $1.3 trillion in
assets under management, services $11.9
trillion in outstanding debt and processes global payments
averaging $1.4 trillion per
day. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Learn more at
www.bnymellon.com or follow us on Twitter@BNYMellon.
This release is for informational purposes only. BNY Mellon
provides no advice nor recommendation or endorsement with respect
to any company or securities. Nothing herein shall be deemed to
constitute an offer to sell or a solicitation of an offer to buy
securities. Depositary Receipts: Not FDIC, State or Federal Agency
Insured; May Lose Value; No Bank, State or Federal Agency
Guarantee.
[1] Sources: NYSE, NASDAQ, BNY Mellon.
SOURCE BNY Mellon