China Steel Corporation Sponsored GDR (CNS)

Profile

https://www.csc.com.tw

China Steel Corporation Sponsored GDR is a Global Depositary Receipt representing shares of China Steel Corporation, Taiwan's leading steel producer founded in 1971. This instrument allows international investors to access the company's equity, with each GDR equivalent to 20 common shares, facilitating trading on overseas exchanges without direct purchase on the Taiwan Stock Exchange. China Steel Corporation manufactures and exports a wide array of steel products essential for construction, infrastructure, automotive, and shipbuilding industries, supporting global economic development through its robust production capabilities. Issued in 1992, 1997, 2003, and 2011 primarily to divest government-held stakes and meet capital needs, the GDRs total over 133 million units as of late 2025, enhancing liquidity and investor diversity. The company upholds a high dividend payout policy, distributing at least 75% of earnings as cash dividends, reflecting its commitment to shareholder returns amid steel market dynamics.