5AB launches ADR trading program ;
Hamburg, 21 January, 2010 – Asian Bamboo AG (“Asian Bamboo”, “the Company”, ISIN: DE000A0M6M79, ticker symbol: “5AB”), a world-leading producer of bamboo trees and organic bamboo shoots, is pleased to announce that it has appointed Deutsche Bank as the depositary bank for its American Depositary Receipt (“ADR”) trading programme. The details of the ADR programme are:
Type of ADR: Level I ADR
CUSIP: 04520U106
ISIN: US04520U1060
Exchange: OTC
Ratio: 1 ordinary share equals 2 ADRs
First trading day: 20 January 2010
An ADR is a receipt that is issued by a depositary bank representing ownership of a company's underlying ordinary shares. Trading in ADRs, as opposed to ordinary shares, permits investors to trade in US dollars in the US securities markets with US securities dealers. Dividends are also paid in US dollars.
Lin Zuojun, CEO and founder of Asian Bamboo, commented: “We have noticed a growing interest in our Company among US-based institutions and we believe that the launch of an ADR trading scheme will further enhance liquidity in our stock.”