Deutsche Bank has been appointed as the depository bank for the Singapore Exchange Securities Trading Limited-listed Global Depositary Receipt (GDR) programme of Kolao Holdings.
Kolao is a holding company incorporated in the Cayman Islands and listed on the Korea Exchange. It is engaged in the management of its wholly-owned Lao subsidiary, Kolao Developing Co (KDC), an automobile and motorcycle distributor in the Lao People’s Democratic Republic.
Edwin Reyes, global head of depository receipts at Deutsche Bank, said: “We are delighted to be Kolao Holdings’ depositary bank of choice. This appointment underscores Deutsche Bank’s commitment to its clients in Korea and Singapore. We look forward to providing Kolao with the highest level of service to enhance its GDR programme visibility and broaden its investor base.”
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