Citi Appointed as Depositary Bank for Super Hi International Holding Limited ADR Program

May 30, 2024 at 12:00 PM EDT

Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by Super Hi International Holding Ltd. (“HDL”), a Hong Kong-listed leading Chinese cuisine restaurant brand operating the Haidilao hot pot restaurant chain in its international markets outside of Mainland China, Hong Kong, Macau, and Taiwan, for the initial public offering (the “IPO”) of HDL’s American Depositary Shares (“ADSs” or “ADRs”), representing its ordinary shares listed in Hong Kong.

HDL’s ADSs trade on the Nasdaq under the ticker “HDL”. Each ADS represents ten (10) ordinary shares. The IPO price is US$19.56 per ADS in connection with a total offering size of US$52.7 million (exclusive of over-allotment option exercise).

“Citi is committed to providing Super Hi and its investors with the highest quality ADR services, and the selection as depositary bank for the company’s ADR program underscores the depth and breadth of Citi’s cross-border capabilities,” said Dirk Jones, Global Head of Issuer Services, Securities Services, Citi.

With a focus on enabling the investment process and approximately US$24 trillion in assets under custody and administration, Citi Securities Services goes beyond borders to holistically support securities activity wherever clients need us. Through an integrated suite of Custody, Execution, Fund and Issuer Services, Citi connects and serves clients across the entire investment ecosystem.

Issuer Services is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Issuer Services leverages Citi’s global network to provide cross-border capital market access to issuers, intermediaries, and investors.

For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.