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United Microelectronics appoints JP Morgan as depositary bank for ADR program

Mon. October 26, 2009; Posted: 12:18 PM
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Oct 26, 2009 (Datamonitor via COMTEX) -- UMC | Quote | Chart | News | PowerRating -- United Microelectronics has appointed JP Morgan as successor depositary bank for its American depositary receipt, or ADR, program.

Chitung Liu, CFO for United Microelectronics (UMC), said: "We are pleased to be working with a world-class bank like JP Morgan. Their ability to respond quickly, their proactiveness, and their high standards of customer service is remarkable."

Kenneth Tse, Asia Pacific head of JP Morgan's depositary receipts group, said: "As a leading depositary receipt bank, we are delighted to be chosen by UMC. We are committed to partnering with our clients as they aim to attract more investments from foreign markets and we look forward to working with UMC to help them achieve this goal in the US."

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For full details on United Microelectronics Corporation ADS (UMC) click here. United Microelectronics Corporation ADS (UMC) has Short Term PowerRatings of 6. Details on United Microelectronics Corporation ADS (UMC) Short Term PowerRatings is available at This Link.

    


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