Deutsche Bank today announced its appointment as depositary bank for the capital raising sponsored Level III NASDAQ-listed American Depositary Receipt (ADR) program of Qunar Cayman Islands Limited (Qunar).
Qunar (NASDAQ: QUNR) is the leading search-based commerce platform for the travel industry in China. Qunar enables its users to find best-value deals by aggregating and processing highly fragmented travel product information from tens of thousands of travel service providers into an organized and user-friendly display through its proprietary technology. According to iResearch, Qunar ranked No. 1 among all non-state-owned online travel companies in China in terms of monthly unique visitors since November 2010.*
Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We are delighted to welcome Qunar to the Deutsche Bank platform. This appointment underscores Deutsche Bank’s commitment to clients in the People’s Republic of China. By leveraging our customized value-added services, Qunar will be able to enhance its investor relations strategies and shareholder bases.”
*Source: Qunar Cayman Islands 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.