Mexican Company Announces ADR Program: Corporacion Industrial...
Mexican Company Announces ADR Program: Corporacion Industrial Sanluis, a Mexican company that operates in manufacturing, mining, tourism and retailing, announced the establishment of a sponsored American Depository Receipt program that could open the door to allow foreigners to purchase “A” shares in Mexican companies. ADRs are negotiable securities issued by a U.S. bank acting as depository, certifying that shares of a non-U.S. issuing company are held by the depository’s custodian bank abroad.
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