Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of BlueCity Holdings Limited

Nachrichtenquelle: Business Wire (engl.)
10.07.2020, 21:53  |  183   |   |   

Deutsche Bank announced today its appointment as depositary bank for the Nasdaq-listed American Depositary Receipt program of BlueCity Holdings Limited.

BlueCity Holdings Limited (Nasdaq: BLCT) is an internet company which provides a variety of services to the global LGBTQ community, including social networking, live streaming, health related and family planning services. It operates the mobile app “Blued” which had a registered user base of over 49 million worldwide as of March 31, 2020.*

“We are pleased to be appointed as depositary bank for BlueCity’s Nasdaq-listed Level III American Depositary Receipt program,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “We look forward to providing our high quality client service and dedicated support to help drive the program’s future success.”

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by BlueCity Holdings Limited (July 2020).

Depositary Receipt Information

Country

 

China (Cayman Islands incorporated)

Custodian Bank

 

Deutsche Bank AG, Hong Kong Branch

Effective Date

 

July 7, 2020

 

 

 

Level III ADR

 

 

CUSIP

 

09610L 106

ISIN

 

US09610L1061

Symbol

 

BLCT

Exchange

 

Nasdaq

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