Deutsche Bank has been appointed as depositary bank for the NYSE listed American Depositary Receipt (ADR) program of China Xiniya Fashion.
China Xiniya Fashion is a provider of men’s business casual apparel in China that designs and manufactures men’s business casual and business formal apparel and accessories, which it markets under the Xiniya brand and sells through its distribution network that includes 26 distributors and 24 department store chains.
Its products are sold to consumers at over 1,300 authorized retail outlets owned and managed by third parties located in 21 provinces, five autonomous regions and four municipalities in China.
Deutsche Bank head of global equity services Akbar Poonawala said Deutsche Bank is delighted to be mandated as China Xiniya Fashion’s depositary bank.
"We look forward to working with the company on its initiatives to broaden its investor base," Poonawala said.
