FRANKFURT, Germany, Nov. 16 /Xinhua-PRNewswire/ -- Riemann Investment Holdings Ltd. (‘Riemann Investment’), as the sole financial advisor, successfully assisted Asian Bamboo AG (“Asian Bamboo”) to get listed on the Prime Standard of Frankfurt Stock Exchange. It is the second Chinese company to enter the Prime Standard of the Deutsche Bourse, and is also the second successful IPO transaction advised by Riemann Investment in Germany.
Asian Bamboo (Code: “5AB”) raised total RMB 1.04 billion with P/E ratio approximately 30 times based on the forecasted net profit of 2007, and the IPO price was Euro 17 per share. During the international road show, numerous renowned institutional investors showed great interest in this second Chinese company and shares of Asian Bamboo were oversubscribed by 15 times, a new record on the Prime Standard of Frankfurt Stock Exchange. Fortis Bank, GLG Partners, Inc., Cominvest Asset Management Limited, UBS AG, Deutsche Bank, Credit Suisse Private Banking, LCF Edmond de Rothschild Banque etc. all became major shareholders of Asian Bamboo.
Asian Bamboo AG was registered in Hamburg with main business operations in China. Its wholly-owned subsidiary, Fujian Xinrixian Food Development Co., Ltd., a leading agricultural enterprise in Fujian Province, is committed to the development, consolidation and integrated utilisation of bamboo forest resources, forming a complete industry chain.
Currently, the major business scope of Asian Bamboo includes the production, processing and sales of moso bamboo, fresh bamboo shoots, and bamboo shoot products. Relying on the more than ten years’ of accumulated experience and scientific management, Asia Bamboo has turned into a company specialised in and famous for the development of natural resources, with leading capabilities of resource integration in the industry.
As the sole financial advisor to Asia Bamboo, Riemann Investment provided professional advice with regard to a wide range of areas, including corporate restructuring, optimisation of internal control mechanism, improvement of corporate governance, establishment of investor relations, etc during the listing preparation. Furthermore, Riemann Investment also provided Asian Bamboo with strategic advice on the re-building of business model, exploration of business value, helping it achieve the transition from an agricultural product processing company to a natural resource development firm, and laying a strong foundation for the company’s upward revaluation in the capital market.
The successful implementation of its business model provides a guarantee for the company’s sustainable development and stable earning growth, which is precisely the reason for the favouring of Asian Bamboo by numerous top institutional investors during the road show.
Brief Introduction to Riemann Investment:
Riemann Investment Holdings Ltd. provides fast-growing, high potential Chinese domestic companies custom-tailored professional services in overseas financing and IPO. Our comprehensive services cover equity investment, M&A, private placement, IPO consultation and post-IPO maintenance and financing, etc. We take pride in our experienced professional team who is capable of offering our clients timely, customized solutions and help them achieve their value creation.
Our services are based on our in-depth knowledge of the international capital markets and Chinese domestic enterprises. Focusing our services on domestic companies and working with our strategic partners, we create a win-win situation for both our client companies and their capital investors.
At Riemann Investment, we are building a dynamic open service platform that we are constantly perfecting.
For further information on Riemann Investment, please see http://www.shrminvest.com .
