BNY Mellon has been chosen as the depository bank by SinoTech Energy for its American depositary receipt (ADR) program. The Chinese oil recovery services provider will be listed on the NASDAQ Exchange. The ADR program will allow the Chinese company to tap into U.S. investor interest in China and the energy sector. Each SinoTech Energy ADR represents two ordinary shares. Click here for the release from PR Newswire.
