China Xiniya Fashion has appointed Deutsche Bank as depositary bank for its American depositary receipt (ADR) programme. China Xiniya Fashion 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.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are 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.”
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