The Bank of New York Appointed as Depositary Bank for Universal Holdings Limited
NEW YORK, September 28, 2005 - The Bank of New York, a global leader in securities servicing, has been selected by Universal Holdings Limited as the depositary for its American depositary receipt (ADR) program. Each Universal Holdings Limited ADR represents fifty (50) ordinary shares. The ADRs trade on the over-the-counter market under the symbol "ULHDY," and the ordinary shares are listed on the Hong Kong Stock Exchange under the symbol "419."
Headquartered in Hong Kong, Universal Holdings Limited, through its subsidiaries and partners, provides entertainment content in China. Additional information on the company is available at www.uhl.com.uk.
Timothy Shen, chief financial officer of Universal Holdings, said, "We are pleased to be working with The Bank of New York as we bring our ADR program to the U.S. market. We wanted to work with a depositary familiar with our business and were impressed that the Bank services depositary receipt programs for media companies throughout Asia. We are confident that The Bank of New York will meet our needs and help us create demand for our ADR shares."
The Bank of New York sponsors more than 1,190 American and global depositary receipt programs, a 64% market share, acting in partnership with leading companies from 60 countries. With an unrivalled commitment to helping securities issuers succeed in the world’s rapidly evolving financial markets, the Bank delivers the industry’s most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at http://www.adrbny.com/
The Bank of New York has been conducting business in the Asia-Pacific region for over 50 years. The Company has 17 offices in 12 countries in the region, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei, and employs over 1,500 staff.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at http://www.bankofny.com/.
The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.
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