Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 220

Deutsche Bank Appointed as Depositary Bank for the Sponsored Level III American Depositary Receipt Program

Posted by fidest press agency su lunedì, 13 novembre 2017

Deutsche bankDeutsche Bank announced today its appointment as depositary bank for NYSE-listed Level III American Depositary Receipt Program of Four Seasons Education (Cayman) Inc. (NYSE: FEDU).
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) is a provider of education services, primarily in mathematics, and currently has a network of 33 learning centres across five cities in China. Headquartered in Shanghai, it is currently the largest after-school mathematics education service provider for elementary school students in Shanghai in terms of gross billings and number of students.*“We are delighted to be appointed as depositary bank for Four Seasons Education’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 Four Seasons Education to optimize 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.


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