Deutsche Bank appointed as depositary bank for the sponsored American Depositary Receipt program of NWS Holdings Limited
Deutsche Bank today announced its appointment as depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of NWS Holdings Limited (NWS Holdings) (Hong Kong stock code: 659).
NWS Holdings, the infrastructure and service flagship of New World Development Company Limited (Hong Kong stock code: 17), embraces a diversified range of businesses in Hong Kong, Mainland China and Macau. Its infrastructure portfolio includes roads, energy, water, ports and logistics projects. Its services division comprises facilities management (the management of Hong Kong Convention and Exhibition Centre and ATL Logistics Centre), contracting and transport (Hip Hing Construction, NWS Engineering, New World First Bus, Citybus and New World First Ferry), and financial services (Taifook Securities and New World Insurance).*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to be appointed as depositary bank for NWS Holdings’ sponsored ADR program, to enable US investors to invest in NWS Holdings. Deutsche Bank’s specialized services will be utilized to ensure that the company’s shareholders receive the highest level of service.”
*Source: NWS Holdings Limited (October 2009)
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About Deutsche Bank
Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, Nasdaq, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on www.adr.db.com