Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Yatsen Holding Limited

Nachrichtenquelle: Business Wire (engl.)
23.11.2020, 19:27  |  147   |   |   

Deutsche Bank announced today its appointment as depositary bank for the NYSE-listed American Depositary Receipt program of Yatsen Holding Limited.

Yatsen Holding Limited (NYSE: YSG), headquartered in Guangzhou, China, operates in the Chinese beauty market and has launched several cosmetics and skincare brands, including Perfect Diary, Little Ondine and Abby’s Choice. Yatsen markets its beauty products via its online platforms and “experience stores” located throughout China.*

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“We are pleased to be appointed as depositary bank for Yatsen’s sponsored Level III American Depositary Receipt program,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “Our broad range of customized services will be used to assist Yatsen in optimizing the visibility of its ADR program.”

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 Yatsen Holding Limited (November 2020).

Depositary Receipt Information

Country

 

China (Cayman Islands incorporated)

Custodian Bank

 

Deutsche Bank AG, Hong Kong Branch

Effective Date

 

November 23, 2020

 

 

 

Level III ADR

 

 

CUSIP

 

985194 109

ISIN

 

US9851941099

Symbol

 

YSG

Exchange

 

NYSE

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Disclaimer

Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Yatsen Holding Limited Deutsche Bank announced today its appointment as depositary bank for the NYSE-listed American Depositary Receipt program of Yatsen Holding Limited. Yatsen Holding Limited (NYSE: YSG), headquartered in Guangzhou, China, operates in the Chinese beauty …

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