Deutsche Bank today announced its appointment as depositary bank for the capital raising sponsored Level III New York Stock Exchange-listed American Depositary Receipt (ADR) program of Autohome Inc. (Autohome).
Autohome (NYSE: ATHM) is the leading online destination for automobile consumers in China. Through its two websites, autohome.com.cn and che168.com, it provides comprehensive, independent and interactive content to automobile buyers and owners. Autohome.com.cn ranked first among China’s automotive websites and automotive channels of internet portals in terms of average daily unique visitors, average daily time spent per user and average daily page views in the first nine months of 2013, according to iResearch, a third-party research firm.*
Mrugank Paranjape, Asia Pacific Head of Trust & Securities Services and Cash Management for Financial Institutions, Global Transaction Banking at Deutsche Bank said, “We welcome Autohome to Deutsche Bank’s depositary platform. We look forward to providing Autohome with the highest level of service to enhance its ADR program visibility and broaden its investor base.”
*Source: Autohome Inc. (December 2013)