Kolao Holdings Appoints Deutsche Bank for GDR Program

Deutsche Bank has been appointed as depositary bank for the Singapore Exchange Securities Trading -listed Global Depositary Receipt (GDR) program of Kolao Holdings.

Kolao is a holding company incorporated in the Cayman Islands and listed on the Korea Exchange. It is engaged in the management of its wholly-owned Lao subsidiary, Kolao Developing (KDC), which is an automobile and motorcycle distributor in the Lao People’s Democratic Republic (Lao PDR).

Edwin Reyes, global head of Depositary Receipts at Deutsche Bank, said, “We are delighted to be Kolao Holdings’ depositary bank of choice. This appointment underscores Deutsche Bank’s commitment to its clients in Korea and Singapore. We look forward to providing Kolao with the highest level of service to enhance its GDR program visibility and broaden its investor base.”