Fenghua SoleTech AG
Fenghua SoleTech AG plans IPO at the Frankfurt and Warsaw Stock Exchange
DGAP-News: Fenghua SoleTech AG / Key word(s): IPO 15.10.2014 / 10:10 --------------------------------------------------------------------- Fenghua SoleTech AG plans IPO at the Frankfurt and Warsaw Stock Exchange * Second largest sports shoe sole manufacturer in China * Offering volume of up to 1,200,000 shares at a price range between 10.00 and 12.00 Euros * Offer period planned from October 17, 2014 until October 23, 2014 * Listing expected on November 6, 2014 Frankfurt am Main, October 15, 2014 - Fenghua SoleTech AG (together with its subsidiaries hereinafter "Fenghua"), the second largest sports shoe sole manufacturer in the Chinese market, announces its IPO on the Frankfurt and Warsaw Stock Exchange. In the context of the IPO, Fenghua is publicly offering up to 1,200,000 new no par value ordinary bearer shares in Germany and Poland. The price range for the shares is expected to be between 10.00 and 12.00 Euros. The offer volume would lead to gross proceeds of up to 14.4 million Euros. Fenghua plans to use the net proceeds mainly to increase the capacity of the production facilities. The company intends to further expand usable space and to invest in new machinery for the production of shoe soles. The expansion would nearly double the total floor space of the factory from currently 1,600 m2 to 3,000 m2. Technology-driven Chinese producer of shoe soles with national and international client base At its production facilities located in Jinjiang County, Fujian Province, one of the leading shoe industry hubs in China, Fenghua produces more than 40 million pairs of shoe soles per year. As one-stop-supplier, Fenghua's value chain also covers the processing of raw materials and the production of components that are required for the different types of shoe soles. Disposing of a dynamic research and development team, Fenghua is able to offer an own range of products to be manufactured as original design manufacturing (ODM), while many of Fenghua's competitors only produce soles under their customers design prerequisites as original equipment manufacturing (OEM). The soles manufactured by Fenghua are designed for performance sports shoes as well as for leisure and casual sports-inspired shoes targeting mid to high end shoe producers in China and international brands. Excellent financial performance Thanks to its strong business model, its long-term industry experience and its favorable market position as a one-stop-supplier for shoe soles, Fenghua reported a strong financial track record within the past years. In 2013 consolidated group revenues reached 90.1 million Euros. The profit from operations (EBIT) reached 24.9 million Euros. The net profit amounted to 18.8 million Euros, representing a net profit margin of 20.8 per cent. The strong performance continued during the first six months of the financial year 2014: Revenue was up 13.5 per cent to 42.5 million Euros and the net profit margin increased to 22.5 per cent. IPO Details The IPO prospectus was approved by BaFin on October 10, 2014 and is published on the website of Fenghua SoleTech AG at www.fenghua-ag.de/en. The offer period starts on October 17, 2014 and is expected to end on October 23, 2014 at 12:00 p.m. CEST for retail investors and 6:00 p.m. CEST for institutional investors. The listing in the General Standard of the Frankfurt Stock Exchange and in the Parallel Market of the Warsaw Stock Exchange is scheduled for November 6, 2014. The offering consists of a public offering in Germany and Poland and private placements to institutional investors outside Germany, Poland and the United States. About Fenghua Fenghua was founded in 2004 and is a modern, technology-driven Chinese manufacturer of shoe soles. Fenghua produces more than 40 million pairs of shoe soles per year. Disposing of a dynamic research and development team, Fenghua is able to offer an own range of products. The soles manufactured by Fenghua are designed for performance sports shoes as well as for leisure and casual sports-inspired shoes targeting mid to high end shoe producers in China and international brands. As of June 30, 2014, Fenghua employed 1,822 employees. Additional information: ISIN: DE000A13SX89 Securities Identification No. (WKN): A13SX89 Ticker Symbol: FGT Listing requested: Regulated Market / General Standard at Frankfurt Stock Exchange; in parallel: Regulated Market / Parallel Market at Warsaw Stock Exchange Legal seat of the Company: Germany For further information, please contact: Kirchhoff Consult AG Anja Ben Lekhal Tel: +49(0) 40 609 186 55 Mail: anja.benlekhal@kirchhoff.de Or visit: www.fenghua-ag.de/en Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of and on the basis of a published securities prospectus (including any amendments thereto, if any), which was published after approval by the German Financial Supervisory Authority (BaFin) on 10 October 2014. An investment decision regarding the publicly offered securities of the issuer should only be made on basis of the published prospectus. The public offering of the shares of the Company is conducted solely in Germany and Poland. On 10 October 2014, the German Financial Supervisory Authority (BaFin) approved the securities prospectus of Fenghua, and on the same day notified the Polish Financial Supervisory Commission. The securities prospectus was prepared in connection with the public offering of shares of Fenghua conducted in Germany and Poland and admitting and introducing of the shares of Fenghua to trading on the Frankfurt Stock Exchange and Warsaw Stock Exchange. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in Fenghua SoleTech AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America. 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 "qualified persons"). All securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, qualified persons. Any person who is not a qualified person should not act or rely on this document or any of its contents. The public offer in Poland and Germany will solely be made by means of and on the basis of a securities prospectus published on 10 October 2014. The securities prospectus is available free of charge at the Company's website under http://www.fenghua-ag.de/en and at the premises of Fenghua SoleTech AG, Frankfurt, and DF Capital, Warsaw. --------------------------------------------------------------------- 15.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 291622 15.10.2014
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