Chinese ADR mandate for Deutsche Bank
Deutsche Bank has been chosen to act as depository bank for the sponsored Level III American Depository Receipt (ADR) of the Hailiang Education Group.
Hailiang operates three centrally-managed schools in China.
Jose Sicilia, head of depositary receipts, institutional cash and securities services at Deutsche Bank, said: “We are delighted to welcome Hailiang to our established franchise of Chinese ADR issuers and we look forward to working with them to optimise the visibility of their ADR program and broaden their investor base."
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