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Most ADR programs are subject to possible termination. Termination of the ADR agreement will result in cancellation of all the depositary receipts, and a subsequent delisting from all exchanges where they trade. The termination can be at the discretion of the foreign issuer or the depositary bank, but is typically at the request of the issuer.
Futu also owns Futu Securities International (Hong Kong) Limited (Chinese: 富途證券) ("Futu HK"), which is a licensed corporation recognized by the Hong Kong Securities and Futures Commission. Founded by Leaf Hua Li in 2012, Futu HK attracted significant backing from Tencent, Matrix, and Sequoia Capital, [ 4 ] [ 5 ] which have supported the ...
Tencent has repurchased nearly $7.7 billion of its shares since May, while Futu has done a good job of growing its client base, benefiting from its reach beyond China.
A global depository receipt (GDR and sometimes spelled depositary) is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by those shares.
The rocket fuel provided by the Chinese government's stimulus was only one factor in the company's pop.
The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States.
A breakup fee (sometimes called a termination fee) is a penalty set in takeover agreements, to be paid if the target backs out of a deal (usually because it has decided instead to accept a more attractive offer). The breakup fee is ostensibly to compensate the original acquirer for the cost of the time and resources expended in negotiating the ...
Leaf Hua Li is founder, chairman, and chief executive officer of Futu Holdings Ltd. [1] Li is also on the board of Futu Securities (Hong Kong) Co. Ltd., Futu Network Technology Ltd., Futu Securities International (Hong Kong) Ltd. and Futu, Inc. [2] [3]