Euro Asia Issue Priced at Euro 5.00
(Thomson Reuters ONE) -
Euro Asia Premier Real Estate Company Limited / Euro Asia Issue Priced at Euro 5.00 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Frankfurt (Germany) / Weifang (People's Republic of China), 25 May 2010.
The Board of Directors of Euro Asia Premier Real Estate Company Limited ("Euro
Asia" or "The Company") (ISIN: VGG3223A1057), a Chinese real estate developer,
today published, together with lead bank mwb fairtrade Wertpapierhandelsbank AG,
the results of its public offering.
Bookbuilding for the placement, which ran from 20 May, was closed today as
scheduled. The management together with mwb fairtrade as global coordinator
priced the offering at Euro 5.00, valuing the company at Euro 55 million. A
total of 1.0 million shares were placed, the greenshoe option was not exercised.
Of the now 11.0 million shares in issue, free float totals 9.1%.
Allocation was in accordance with the "Principles on the allocation of new
emissions to private investors" of 07 June 2000, hence private investors
received full allotment to their order. The allocation between institutional and
private investors was 90.3 to 9.7 %.
Chairman of the Board, Mr. Sun XiYi, stated, "We are pleased with the reception
by the market of Euro Asia's placement, especially with respect to the difficult
market environment. We have worked hard to build a company with significant
intrinsic value and future potential, and the reactions from the media, equity
analysts and investors a like has shown that we have managed to achieve this.
With the placement successful, we now have the additional capital for new
project development we were looking to rise and we look forward to informing our
shareholders regularly on developments."
First day of trading for Euro Asia will be 26 May 2010.
IPO and Share Details:
Market segment: Entry Standard (Open Market)
ISIN: VGG3223A1057
WKN: A0YGJM
Ticker: JT9
Placement shares: 1,000,000 Ordinary Shares
Price: Euro 5.00
Planned first day of trading: 26 May 2010
Lead Bank: mwb Fairtrade Wertpapierhandelsbank AG
About Euro Asia
Euro Asia is a BVI registered company, active in real estate development in the
Shandong area of the People's Republic of China. The Company operates locally
through its subsidiaries, jointly owned with SNI, a leading local development
company. Generating leasing revenues from a number of commercial properties, the
Company has a number of other projects under development. By utilizing its
strong local network to banks, political decision makers, land owners and other
developers, the Company intends to grow its position in the region prior to
moving into other prefecture-level cities.
About mwb fairtrade Wertpapierhandelsbank AG
mwb fairtrade AG is one of the leading securities trading banks in Germany. It
was created from the merger of mwb Wertpapierhandelsbank AG and Fairtrade
Finance AG. As an official broker, mwb fairtrade manages over 16,000 order books
and is admitted to all of the German stock exchanges. In addition to office in
Graefelfing near Munich, we also maintain branch offices in Frankfurt, Hamburg,
Hanover, and in Berlin. mwb fairtrade has a focus on two business activities:
securities trading and capital markets. This makes us one of the few companies
that covers all of the significant segments of the securities trading business.
Contact:
Schwarz Financial Communication
Frank Schwarz
Tel: +49 611 1745 398 11
Schwarz(at)schwarzfinancial.com
Disclaimer
This document is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of America
absent registration or an exemption from registration under the U.S. Securities
Act of 1933 (as amended). Euro Asia does not intend to register any part of the
under the U.S. Securities Act of 1933, as amended, and the Shares are not being
offered and will not be offered or sold in the United States of America.
[HUG#1418640]
--- End of Message ---
Euro Asia Premier Real Estate Company Limited
Jian Hong East Street No 316 Weifang City, Shandong China
Listed: Xetra Stars in Frankfurter Wertpapierbörse;
Press Release as PDF: http://hugin.info/143073/R/1418640/368804.pdf
Unternehmensinformation / Kurzprofil:
Datum: 25.05.2010 - 18:17 Uhr
Sprache: Deutsch
News-ID 21435
Anzahl Zeichen: 0
contact information:
Town:
Weifang City, Shandong
Kategorie:
Business News
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"Euro Asia Issue Priced at Euro 5.00"
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