Eighth Chinese IPO in the Prime Standard: Youbisheng Green Paper AG
July 13 2011 - 9:08AM
Business Wire
Youbisheng Green Paper AG (ISIN: DE000A1KRLR0) joined the Prime
Standard of the Frankfurt Stock Exchange on 13 July. The IPO
comprised 217,705 new shares at an issue price of €6.50. The
initial listing price was €6.60.
From left: Clement Hoo (CFO), Gernot F.W.
Kugler (Chairman of the Board), Haiming Huang (CEO) (Photo:
Business Wire)
The consortium leader is biw Bank für Investments und
Wertpapiere AG. BankM is lead manager and bookrunner. Wolfgang
Steubing AG is acting as specialist.
“With Youbisheng Green Paper we welcome the eighth Chinese
company to Frankfurt Stock Exchange's Prime Standard,” said
Alexander H�ptner, Head of Markets Services at Deutsche B�rse.
“Youbisheng has voluntarily chosen the legal form of a German stock
corporation (AG), like the other Chinese companies in the Prime
Standard. These companies have thereby committed themselves to
compliance with the strict German corporate governance
regulations.”
“Our IPO in Frankfurt is a very important step in the long term
strategic development of Youbisheng and enables us to finance the
growth of the company,” said CEO Haiming Huang. “We are very happy
to be listed successfully in Germany which is well known for its
high quality products and its environmental policy and understands
Youbisheng’s equity story.”
Youbisheng has produced linerboard for the Chinese market since
the year 2000. The linerboard is used in the manufacture of
paper-based packaging. According to information from the company,
Youbisheng produced approximately 150,000 metric tons of linerboard
in the last financial year, making it one of the largest linerboard
producers in the Guangdong and Fujian provinces.
To date, 35 Chinese companies have made an initial public
offering in Frankfurt, eight of them in the Prime Standard, one in
the General Standard, seven in the Entry Standard and 19 in the
Open Market (First Quotation Board).
New entrants to the Frankfurt Stock Exchange in 2011 per
segment: Prime Standard 10, General Standard 7, Entry Standard 10,
Open Market 115.
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