CPU 0.89% $16.65 computershare limited.

Company Announcement

  1. 41 Posts.
    Computershare Limited (ASX:CPU), the world's largest and only global
    securities registry business, has been selected by China Securities
    Depository and Clearing Corporation Limited (SD&C) to advise it on
    the Chinese securities registration service.

    Computershare's team of experts started work in Beijing on 19 August
    2002. It is investigating ways to help SD&C improve its registration
    business and registration risk management practices so that they will
    be more closely in line with international best practices

    The Computershare team is led by Stuart Crosby, Computershare's Group
    Managing Director with responsibility for all Computershare's
    businesses in the Asia Pacific region, and Dudley Chamberlain, a
    senior executive of the company with over 40 years of experience in
    the securities industry.

    "Computershare has a strong commitment to doing all it can to help in
    the development the Chinese securities markets. Computershare has
    been involved in the Chinese markets since 1999 and our Hong Kong
    subsidiary Computershare Hong Kong Investor Services Limited (a joint
    venture with Hong Kong Exchanges and Clearing Limited) recently
    handled the IPO registration of BOC Hong Kong (Holdings) Limited in
    which nearly 400,000 Hong Kong investors applied for and received
    shares", Crosby said.

    Crosby added, "At a personal level, since I first became involved in
    the Chinese securities markets more than 10 years ago, I have had an
    ever growing admiration for China's achievements. SD&C already
    handles more than 68 million investor accounts very effectively. We
    look forward to providing a global perspective to their planning for
    the future."

    "SD&C is the sole national securities depository, clearing and
    registration company. It has built an effective business process
    system and achieved securities dematerialization and STP in clearing,
    settlement, registration and custody service." Liu Chunxu, Deputy
    General Manager, said, "In order to standardize our business in
    accordance with international practice, we invited Computershare, the
    largest global registry service provider, to provide consultative
    service for us, and we believe with their expertise and experience,
    they will bring us valuable advice in this business."

 
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