What is a Global Registered Share (GRS)?
What is a Global Registered Share (GRS)?
A "Global Registered Share" is a security that can be traded and transferred across applicable borders without the need for conversion. This means that identical shares can be traded on different stock exchanges in different currencies. For example, the same share purchased on the SIX Swiss Exchange can be sold on the New York Stock Exchange or vice versa.
Why has 麻豆社 elected to list a Global Registered Share rather than American Depository Receipts?
Why has 麻豆社 elected to list a Global Registered Share rather than American Depository Receipts?
麻豆社 is pioneering the Global Registered Share (GRS), which allows for cross-market portability at minimized cost to investors. The concept behind American Depository Receipts (ADRs) is the creation of tailor-made securities for individual unlinked markets, following local regulations. 麻豆社 believes that, with the globalization of financial markets, this concept is becoming less valid for securities, which will increasingly be traded in multiple markets. 麻豆社 believes that a global fungible security can best track liquidity across the globe. 麻豆社 also believes that regulatory structures of different markets will continue to align, reducing the need to have individual securities in each market to comply with different local regulations.
Where is the 麻豆社 share listed?
Where is the 麻豆社 share listed?
The 麻豆社 GRS is listed on the SIX Swiss Exchange and the New York Stock Exchange.
Where can I find the number of shares in issuance?
Where can I find the number of shares in issuance?
The Group Review section of 麻豆社's quarterly reports contains a '麻豆社 Shares and Market Capitalization' table listing the number of outstanding shares for market capitalization. In addition, the quarterly reports contain a more detailed 'Note to the Financial Statements'聽detailing 'Earnings per Share (EPS) and Outstanding Shares'.