Zuoan Fashion has mandated Deutsche Bank as depositary bank for its sponsored Level III American depositary receipt (ADR) programme. Zuoan is a leading design-driven fashion casual menswear company in China.
Akbar Poonawala, head of global equity services (GES) at Deutsche Bank, said: “We welcome Zuoan to Deutsche Bank’s depositary receipts platform and look forward to working with the company on its initiatives to broaden its investor base.”