Deutsche Bank Appointed as Depositary Bank for the NASDAQ-Listed Level III American Depositary Receipt Program of YY Inc.
NEW YORK--(BUSINESS WIRE)-- Deutsche Bank (DB) today announced its appointment as depositary bank for the capital raising sponsored Level III American Depositary Receipt (ADR) program of YY Inc..
YY is a revolutionary communication social platform that engages users in real-time online group activities through voice, text and video. Launched in July 2008, YY Client, the core product of YY, empowers users to create and organize groups of varying sizes to discover and participate in a wide range of online activities, including online games, karaoke, music concerts, education, live shows and conference calls. As of September 30, 2012, YY Client had 400.5 million registered user accounts, and in the first nine months of 2012, users spent 393 billion voice minutes on YY Client.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, We are delighted to be YYs depositary bank of choice. This appointment underscores Deutsche Banks commitment to clients in the Peoples Republic of China and our broad range of customized services that will be used to assist YY in enhancing its investor relations strategies and shareholder bases.
*Source: YY Inc. (November 2012)
About Deutsche Bank Trust & Securities Services
Deutsche Banks 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 both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.
American Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© November 2012 Deutsche Bank AG. All rights reserved.
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Source: Deutsche BankCopyright Business Wire 2012