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 Höptner, Head
of Markets Services at Deutsche Börse. "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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