Shanda Games appoints JPMorgan Chase as ADR Depository Bank
Source: Internet
Author: User
KeywordsShanda Games Game products JPMorgan Chase 1927
On the morning of October 16, JPMorgan announced today that it has been appointed depository Bank of the United States Depository Voucher ("ADR") for the network game provider Shanda Games Limited ("Shanda Games"). Shanda Games is a China's online game development, operations and distributors, dedicated to a wide range of Chinese community users, to provide a wide range of game products, including multiplayer online role-playing games and advanced casual games. "It is a great honor for us to participate in this historic initial public offering," said Kenneth Tse, Asia-Pacific director of the Morgan Depository voucher business. It is the largest single IPO by Chinese companies to date in the United States and one of the largest IPOs in the United States so far this year. We look forward to continuing to work with Shanda to help them expand their investor base in the United States. "We chose JPMorgan because they have extensive experience in providing services to ADR issuers and shareholders, and have excellent global service capabilities and experience in Asia," said Wei, chief financial officer of Shanda Games. We are confident that JP Morgan can assist us in successfully completing the ADR issue project. We are particularly impressed by their customer-focused business approach and excellent investor relations consulting services. "JPMorgan first entered the depository voucher market more than 80 years ago and launched its first depository voucher in 1927." JPMorgan offers a complete set of ADR and Global Depository Voucher (GDR) services for issuers of shares to be issued on exchanges outside the local market. (Wood)
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