Chinese companies choose Deutsche Bank and BNY Mellon
Deutsche Bank has been appointed as depositary bank for the Nasdaq-listed American depositary receipt ADR programmes of two Chinese companies. The companies are HiSoft, a provider of outsourced information technology and research and development services and AutoNavi, which produces digital map content and navigation and location-based solutions in China.
We are pleased to be HiSoft's depositary bank of choice, said Akbar Poonawala, head of global equity services at Deutsche Bank, in a statement. This appointment underscores Deutsche Bank's commitment to the China.
Meanwhile, China New Borun Corporation, a China-based edible oil producer and distributor, has selected BNY Mellon...