Youbisheng Green Paper publishes details on the IPO
- Capital increase to triple production capacity
- Price range for the offered shares is between EUR 6.50 and EUR 9.50
- Subscription period from 27 June to 11 July 2011
- 12-month lock-up for Existing Shareholders
- Initial listing in the Prime Standard on 13 July 2011
Munich, 20 June 2011. Youbisheng Green Paper AG, the German holding company of a Chinese clean-tech leader of environmentally friendly linerboard for the growing Chinese consumer goods industry, has scheduled the initial listing of the shares in the Prime Standard of the Frankfurt Stock Exchange for 13 July 2011.
In the context of a public offering in Germany and Austria, Youbisheng Green Paper AG offers 5,000,000 new shares which all originate from a capital increase. Additionally, solely in connection with an over-allotment option, 750,000 shares of Existing Shareholders will be offered. If all shares are placed (incl. over-allotment option), the free float of new shareholders would amount to approx. 38%. A 12-month lock-up period after the IPO was agreed with the Existing Shareholders.
The price range for the shares offered in the context of the IPO is between EUR 6.50 and EUR 9.50. The subscription period begins on 27 June and ends on 11 July 2011 at 2:00 pm CEST. The listing of the shares of Youbisheng Green Paper in the Prime Standard of the Frankfurt Stock Exchange is scheduled for 13 July 2011. The securities prospectus dated 16 June 2011 is available on the website of Youbisheng Green Paper AG under www.youbisheng-greenpaper.de and can be viewed by interested parties from Germany and Austria.
BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG and Silvia Quandt & Cie. AG, contractually tied agent of biw Bank für Investments und Wertpapiere AG, will lead the IPO as Joint Lead Managers. Retail investors can place their orders inter alia at Cortal Consors S.A., DAB Bank AG, ING DiBa AG and S Broker AG & Co. KG. Moreover, retail investors may subscribe for shares via flatex AG and via ViTrade AG at the biw Bank für Investments und Wertpapiere AG.
The issue proceeds will be used for the installation of a new production line to triple the annual output. Youbisheng’s executive board perceives the initial public offering and the associated opened access to the capital market as a key step in the Company’s strategic development. For this reason, Youbisheng has decided to carry out a “safe IPO” in which the stock market listing is handled independently of the capital market environment.
About Youbisheng Green Paper AG
Youbisheng Green Paper AG is the German holding company of a Chinese clean-tech leader of environmentally friendly produced linerboard from up to 100% recovered fibres. The high-quality linerboard innovations of Youbisheng take up a special position in the Chinese market and are produced in the own production plant near Quanzhou City. They are used in the packaging industry in the Fujian and Guangdong Province (together about 141 million inhabitants), especially for visually attractive sales packaging and carrier bags of high-quality consumer goods.
Youbisheng has been operating as a paper producer since 2000. In fiscal year 2010 and with its production plants operating at full capacity, it manufactured almost 150,000 metric tons of linerboard, making it one of the biggest linerboard producers in Fujian and Guangdong Provinces. In fiscal year 2010, Youbisheng and its approximately 300 employees generated sales of about EUR 75.3 million with an EBIT margin of about 23.4% and a net income of about EUR 15.5 million.
For further information:
Kirchhoff Consult AG
Phone: +49 (0)40 60 91 86 34
Youbisheng Green Paper AG
Lisa Wang (IR-Manager)
Phone: +49 (0)89 451 63 992
Fax: +49 (0)89 451 63 993
This publication is not an offer of any securities for sale or a solicitation of an offer to purchase any securities. Subject to approval by the German Financial Service Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), a prospectus was published, which is available free of charge from Youbisheng Green Paper AG (www.youbisheng-greenpaper.de) and the lead managers. The shares will be offered exclusively on the basis of this securities prospectus which has been approved by the German Financial Service Supervisory Authority.
This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares of Youbisheng Green Paper AG (the "Shares") have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States and the Shares will not be registered under the Securities Act.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.