VanCamel AG
VanCamel AG: VanCamel AG to review its capital market strategy
VanCamel AG / Key word(s): Strategic Company Decision VanCamel AG to review its capital market strategy Hamburg, 20 November 2014 – VanCamel AG (Prime Standard, ISIN DE000A1RFMM9, VC8) has decided to undertake a full review and re-evaluation of its capital market strategy by the end of this year. For this reason, the company’s Management Board will not be present at this year’s German Equity Forum in Frankfurt am Main, contrary to the original plans. The decision is a result of the events in recent months, which have seriously undermined confidence in VanCamel AG and other Chinese companies listed in Germany and recently resulted in the suspension of valuation of VanCamel’s shares by the bank it commissions to provide research coverage. In light of the present negative sentiment on Chinese companies listed in Germany in general and, more particularly, the low interest in VanCamel’s shares, it seems that at the moment VanCamel AG cannot fully realize the objectives associated with its stock market listing. In view of this, in the coming weeks the Management Board will be examining whether and how the company can still achieve its long-term expectations on the German capital market in the present situation. That specifically includes an evaluation of appropriate compliance measures as a clear signal to regain investors’ confidence. A decision is expected by the beginning of next year. The company will publish its figures for the first nine months of 2014, together with an extensive financial report, on November 28, 2014. About VanCamel VanCamel AG is the German holding company of an established Chinese fashion label, which employs more than 200 workers in the design, marketing and distribution of own branded apparel, footwear and accessories. VanCamel products address the young, well-funded urban middle-class, particularly targeting male consumers aged between 25 and 40 primarily residing in tier 2 and tier 3 cities, aspiring after upper middle class fashion styles. The prizewinning design of VanCamel’s apparel is made in-house whereas the design of the footwear is outsourced based on the conceptual ideas of VanCamel. The production of both apparel and footwear is completely outsourced to local contract manufacturers. VanCamel is an established national brand with a China-wide reach. More than 40 regional distributors supply VanCamel’s products to more than 2,300 authorized retail outlets in 26 provinces throughout China. In fiscal 2013 VanCamel generated revenues of EUR 175.4 million and a net profit of EUR 33.3 million. For further information about the company visit: www.vancamel.de/en For enquiries: VanCamel AG Disclaimer: This document is no offer for the purchase of securities in the United States of America. Securities may only be sold or offered for sale with the previous registration under the U.S. Securities Act of 1933 in the actual valid version or without previous registration only pursuant to an exemption. The shares of VanCamel AG (the ‘Shares’) have not been registered under the U.S. Securities Act of 1933 in the actual valid version and may not be sold or offered in the United States. 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, which are referred to, are only available to relevant persons 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.
20.11.2014 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 |
Language: | English | |
Company: | VanCamel AG | |
Ferdinandstraße 25 | ||
20095 Hamburg | ||
Germany | ||
Phone: | 040 689999-0 | |
Fax: | 040 689999-10 | |
E-mail: | ir@vancamel.de | |
Internet: | www.vancamel.de | |
ISIN: | DE000A1RFMM9 | |
WKN: | A1RFMM | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard) | |
End of News | DGAP News-Service |
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