PT Chandra Asri Petrochemical Tbk/ADR recently filed Form F-6EF with the Securities and Exchange Commission (SEC). This filing is significant as it indicates the company’s intention to issue American Depositary Receipts (ADRs), which represent ownership of shares in a foreign company. ADRs allow investors in the United States to invest in PT Chandra Asri Petrochemical Tbk, a leading petrochemical company based in Indonesia, without directly owning the underlying foreign shares.
PT Chandra Asri Petrochemical Tbk is a prominent player in the petrochemical industry, specializing in the production of olefins, polyolefins, and other chemical products. The company’s commitment to innovation, sustainability, and quality has helped it establish a strong presence in the market. Investors interested in learning more about PT Chandra Asri Petrochemical Tbk can visit the company’s website here.
Form F-6EF is a filing required by the SEC for foreign companies looking to issue ADRs in the United States. It provides details about the ADR program, including the number of ADRs to be issued, the deposit agreement, and other relevant information. This filing is an important step for PT Chandra Asri Petrochemical Tbk as it seeks to expand its investor base and access the US capital markets.
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