Anhui Expressway joins hands with Bank of New York Mellon

Jul. 3, 2009 (China Knowledge) - Anhui Expressway Company Ltd<600012><0995>, a China-based transportation infrastructure company, has hired The Bank of New York Mellon, a global leader in asset management and securities servicing, as the depositary bank for its American depositary receipt (ADR)  program, sources reported.

Each Anhui Expressway ADR represents ten ordinary shares and will trade in the over-the-counter market. Anhui Expressway's ordinary shares trade on the Hong Kong Stock Exchange (HKEx).
 
Wang Shui, chairman of Anhui Expressway, said that The Bank of New York Mellon's experience and focus on depositary receipts will help the company to expand its U.S. investor base and promote the visibility of the company through increased IR efforts.

The establishment of the ADR program will help Anhui Expressway to attract more capital from the U.S market, said Michael Cole-Fontayn, CEO of The Bank of New York Mellon's depositary receipt division.

Hefei-based Anhui Expressway is mainly engaged in the investment, construction, operation and management of toll roads in Anhui Province.