EOH will tap strong demand with ADRs

EOH has joined other JSE-listed firms looking at attracting foreign investors in launching an American depository receipt (ADR) programme.

ADRs are a vehicle for institutional investors to put foreign stocks in local portfolios. It is often cheaper to invest in ADRs due to hefty custody and local brokerage costs for investing in the ordinary shares.

Read the source article at Home | BDlive

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