Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Deutsche Bank Appointed as Depositary Bank for the Sponsored Level III American Depositary Receipt Program of Hailiang Education Group Inc.

DB

Deutsche Bank today announced its appointment as sponsored depositary bank for the capital raising Level III NASDAQ-listed American Depositary Receipt (ADR) program of Hailiang Education Group Inc. (Hailiang).

Hailiang (NASDAQ: HLG) provides K-12 educational services in the People's Republic of China. The company operates three centrally managed schools, including Zhuji Hailiang Foreign Language School, Zhuji Private High School, and Tianma Experimental School under the Hailiang brand in Zhuji city, Zhejiang province. Its schools offer its basic educational program and international program at the kindergarten, primary school, middle school, and high school levels, as well as provide courses designed for students to become admitted to programs, such as A-levels courses for the United Kingdom universities and SAT courses for the United States universities for students planning to apply to undergraduate programs in the United Kingdom and the United States. As of December 31, 2014, the company had 17,211 enrolled students in its schools.*

Jose Sicilia, Head of Depositary Receipts, Institutional Cash & Securities Services at Deutsche Bank, said: “We are delighted to welcome Hailiang to our established franchise of Chinese ADR issuers and we look forward to working with them to optimize the visibility of their ADR program and broaden their investor base."

Deutsche Bank’s Depositary Receipts team is part of the Issuer Services business within the Bank’s Institutional Cash & Securities Services unit.

In addition to specializing in administering cross-border equity structures such as American and global depositary receipts and global registered shares, Issuer Services 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: Hailiang Education Group Inc. (July 2015)

Deutsche Bank is a leading client-centric global universal bank serving 28 million clients worldwide. 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.

Certain of these securities may not have been registered under the US Securities Act of 1933 (the “Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. The investment or investment service that is the subject of this announcement is not available to retail clients as defined by the UK Financial Conduct Authority. This announcement has been approved and/or communicated by Deutsche Bank AG London. 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 as the Depositary may use brokers, dealers or other service providers that are affiliates or other divisions of Deutsche Bank and that may earn fees and commissions. The above information is being provided solely for informational purposes by Deutsche Bank. Deutsche Bank does not warrant or guarantee the accuracy or completeness of, and does not undertake an obligation to update or amend, this announcement. 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. This material shall not be construed as investment or legal advice or a recommendation, reference or endorsement by Deutsche Bank. Past results are not an indication of future performance. Copyright © July 2015 Deutsche Bank AG. All rights reserved.

For further information:
Deutsche Bank AG
Press & Media Relations
Hannah Fuchs, +1-212-250-4070
hannah.fuchs@db.com
or
Karène Dufour, +852 2203 7846
karene.dufour@db.com



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today