Deutsche Bank today announced its appointment as depositary bank for the
capital raising sponsored Level III New York Stock Exchange-listed
American Depositary Receipt (ADR) program of 500.com Limited (500.com).
500.com (NYSE:WBAI) is a leading online sports lottery service provider
in China with the largest market share in the first six months of 2013,
and the second largest market share in 2012 in terms of purchase amount
of sports lottery products, according to the iResearch Report. The
company acts as an aggregator and processor of lottery purchase orders
from its registered user accounts and derives a substantial portion of
its revenues from service fees. The company offers a comprehensive and
integrated suite of online lottery services, information, user tools and
virtual community venues to its users.*
Mrugank Paranjape, Asia Pacific Head of Trust & Securities Services and
Cash Management for Financial Institutions, Global Transaction Banking
at Deutsche Bank said, “We are delighted to be chosen by 500.com as its
depositary bank. This new appointment reaffirms Deutsche Bank’s
commitment to clients in the People’s Republic of China. By leveraging
our customized value-added services, 500.com will be able to enhance its
investor relations strategies and shareholder bases.”
*Source: 500.com Limited (November 2013)
About Deutsche Bank Trust & Securities Services
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 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 2013 Deutsche Bank AG. All rights reserved.
Copyright Business Wire 2013