Riemann Investment Assists ZhongDe Waste Technology AG to Successfully Float on German Main Board Market

BERLIN, July 11 /Xinhua-PRNewswire/ -- As its sole financial consultant and one of its pre-IPO investors, Shanghai Riemann Investment Advisory Ltd. successfully assisted ZhongDe Waste Technology AG to float on the Prime Standard of Frankfurt Stock Exchange in Germany. This is the first Chinese company floated on the main board of Frankfurt Stock Exchange. Its ticker is ZEF.

ZhongDe Waste Technology AG offered 32.19% of shares for public trading with P/E ratio23 (based on the projected net profit of 2007), raising EUR108.8 million. The IPO price was EUR26/share and the opening price was EUR30/share, which is 15% higher than the IPO price. The total trading volume on the first day was 1.35 million shares. The closing price was EUR31.5/share with an increase of 21%. In the international road show, the European capital market showed great interest in the first Chinese company and ZhongDe became fourteen times oversubscribed. Many reputable institutional investors, such as HSBC, Allianz Group, Baring Asset Management, Pictet, Value Partners, Invesco and Och-Ziff Capital Management (London) became shareholders.

ZhongDe Waste Technology AG was registered in Hamburg with its main operations in China. Its wholly-owned subsidiary, Fujian Fengquan Environmental Protection Equipment Ltd., has the largest incinerator production base for small- and medium-sized municipal and medical waste incinerator in China.

As its financial consultant during the IPO process, Riemann Investment assisted ZhongDe to implement restructuring and set up a solid modern management system, especially for the financial management and internal system, so as to make its competitiveness prominent, and coordinate the local and overseas advisory parties. Riemann Investment assisted ZhongDe in closing the IPO transaction within only four months, and Ms Huang Qianping, the Executive Director of Riemann Investment, hosted the international road show and was highly praised.

The team members of Riemann Investment for the ZhongDe IPO:

Huang Qianping, Partner

Fu Sixing, Partner

Lu Li, Project Manager

Xia Lingyi, Project Manager

Zhang Sujia, Project Manager

Wang Zunxiang, Project Manager

Brief Introduction to Riemann Investment

Shanghai Riemann Investment Advisory 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, which is capable of offering our clients timely, customized solutions and helping 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 it.

For further information on Riemann Investment, please visit .

Source: Shanghai Riemann Investment Advisory Ltd.