Deutsche Bank appointed as depositary bank for the sponsored Level III American Depositary Receipt program of OneSmart International Education Group Limited
NEW YORK--(BUSINESS WIRE)--Apr 2, 2018--Deutsche Bank announced today its appointment as depositary bank for NYSE-listed Level III American Depositary Receipt Program of OneSmart International Education Group Limited.
OneSmart International Education Group Limited (NYSE: ONE) is an after-school education service provider headquartered in Shanghai which, as of November 20, 2017, operates 225 study centers across 42 cities in China. OneSmart uses interactive learning and language and culture programs as part of its tutoring services and targets children at both primary and secondary level.*
“We are pleased to be appointed as depositary bank for OneSmart’s NYSE-listed Level III ADR program,” said Brian Studdert, Global Head of Depositary Receipts at Deutsche Bank. “Our broad range of customized services will be used to assist OneSmart in optimizing the visibility of its ADR program.”
In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
* Source: OneSmart International Education Group Limited (April 2018)
About Deutsche Bank:
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
The 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 Conduct 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 © April 2018 Deutsche Bank AG. All rights reserved.
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CONTACT: Deutsche Bank AG
Press & Media Relations
Lawton King, +1 212 250-0622
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CHINA NEW YORK
INDUSTRY KEYWORD: EDUCATION PRIMARY/SECONDARY OTHER EDUCATION PROFESSIONAL SERVICES FINANCE OTHER PROFESSIONAL SERVICES
SOURCE: Deutsche Bank
Copyright Business Wire 2018.
PUB: 04/02/2018 01:55 PM/DISC: 04/02/2018 01:55 PM