DAITO TRUST CONSTRUCTION CO., LTD. : Announcement regarding Establishment of Sponsored ADR Program
December 19, 2013 at 09:42 pm EST
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Daito Trust ConstructionCompany Limited (the ?Company?) today announced that it has established a Sponsored Level I American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (the ?Depositary Bank?). The actual trading of the sponsored ADRs will start on Dec. 19, 2013 (U.S. East Coast Time).The program involves neitherraising capital in the U.S. market, such as alisting on astock exchange or issuing new shares, nor an increase in the total number of outstanding shares of the Company, and therefore does not result in dilution of share value.
Daito Trust Construction Co Ltd is a Japan-based company mainly engaged in real estate-related business. The Company operates through three business segments. The Construction segment is engaged in the planning, design and construction of contracted works. The Real Estate segment is engaged in the brokerage, management and leasing of real estates, the provision of real estate information and guarantor contract business. The Financial segment is involved in the construction loan business, trust business, consulting business related to asset succession and asset management, and fire reinsurance business. It is also engaged in the sale of fuel (LP gas), operation of day service centers and childcare facilities, provision of home-visit nursing care services, sale and supply of electricity, operation of overseas hotel businesses, and the ship and print of documents.