Deutsche Bank today announced its appointment as depositary bank for the capital raising sponsored Level III American Depositary Receipt (ADR) program of YY Inc. (YY).
YY is a revolutionary communication social platform that engages users in real-time online group activities through voice, text and video. Launched in July 2008, YY Client, the core product of YY, empowers users to create and organize groups of varying sizes to discover and participate in a wide range of online activities, including online games, karaoke, music concerts, education, live shows and conference calls. As of September 30, 2012, YY Client had 400.5 million registered user accounts, and in the first nine months of 2012, users spent 393 billion voice minutes on YY Client.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to be YY’s depositary bank of choice. This appointment underscores Deutsche Bank’s commitment to clients in the People’s Republic of China and our broad range of customized services that will be used to assist YY in enhancing its investor relations strategies and shareholder bases.”
*Source: YY Inc. (November 2012)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.