Press releases
ZhongDe Waste Technology AG: Greenshoe option exercised in full
Hamburg, July 12, 2007
Greenshoe option of 545,904 shares exercised in full today
Issue volume including greenshoe EUR 109 million
Free float approximately 32 percent
Sal. Oppenheim jr. & Cie. Kommanditgesellschaft auf Aktien ("Sal. Oppenheim"), Global Coordinator and Sole Bookrunner for the IPO of ZhongDe Waste Technology AG (the "Company"), announced today that the greenshoe option of up to 545,904 shares was exercised in full. The gross proceeds from the placement of a total of 4,185,264 shares amounted to EUR 109 million. The Company took in net proceeds from the sale of approximately EUR 72 million. The exercise of the greenshoe option brings the free float to around 32 percent.
Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, said: "We are happy that ZhongDe Waste Technology AG shares are generating such great interest and that they developed so well on the secondary market. The IPO will allow us to continue to pursue our desired course of growth."
The trading of the shares (German Securities Identification Number ZDWT01, ISIN DE000ZDWT018 and ticker symbol ZEF) commenced on the Prime Standard segment of the Frankfurt Stock Exchange on July 6, 2007 at a price of EUR 30.00 or approximately 15% above the placement price of EUR 26.00 per share. The issue was at the upper end of the price range of EUR 23.00 to EUR 26.00, the shares were approximately 13.5 times oversubscribed. Institutional investors in Germany, neighboring countries, Great Britain and Hong Kong purchased 95.4 percent of the shares with the remaining 4.6 percent going to private investors.
About ZhongDe Group:
ZhongDe Group designs, manufactures and installs pyrolytic, grate and rotary kiln waste incinerators for the disposal of solid medical, municipal and industrial (including hazardous) waste. Since 1996 ZhongDe Group has installed more than 170 waste incinerators in about 13 provinces and in the last three financial years alone 112 waste incinerators. Its waste incinerators are principally constructed for operators of medical disposal centers in the hospital and healthcare industry as well as for small and mid-sized Chinese cities in developed areas of the People´s Republic of China. The Management Board of ZhongDe Group believes that ZhongDe Group is one of the leading suppliers of small and mid-sized solid waste incinerators in China.
This document constitutes neither an offer to sell nor a solicitation to buy securities of ZhongDe Waste Technology AG. The securities have already been sold.
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. The shares in ZhongDe Waste Technology AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America.
This document is directed at and/or for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as "relevant persons"). This document is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
Contact
Matthias Link
Director
Citigate Dewe Rogerson GmbH
Goethestraße 26-28
60313 Frankfurt am Main
Tel: 0049-69 90 500-150
Fax: 0049-69 90 500-102
E-Mail: matthias.link@citigatedr.de
Internet: www.citigatedr.de
Overview
30 August 2010
ZhongDe Waste Technology AG: Better Performance of Q2 2010 vs. Q2 2009
Details
27 August 2010
ZhongDe Waste Technology AG: BNY Mellon has been appointed as Depositary Bank for ADR program
Details
19 July 2010
ZhongDe Waste Technology AG moves Offices from Hamburg
to Frankfurt am Main
Details
4 June 2010
ZhongDe Waste Technology AG signs EPC contract with Shouguang Fuyuan Waste to Power Co., Ltd
Details
28 May 2010
ZhongDe Waste Technology AG: Weak Q1 financials due to difficult weather and market conditions
Details
30 April 2010
ZhongDe Waste Technology AG: Strong order backlog after strategic shift
Details
12 February 2010
ZhongDe Waste Technology AG: Successful operation of Datong Project
Details
30 December 2009
ZhongDe Waste Technology AG signs agreement to increase contract amount of Datong Project
Details
30 December 2009
ZhongDe Waste Technology AG signs EPC contract with Dingzhou Ruiquan Solid Waste Treatment Co., Ltd
Details
30 November 2009
ZhongDe Waste Technology AG presents its financial results for Q3 2009
Details
7 September 2009
ZhongDe Waste Technology AG signs Letter of Intent with Covanta Energy Asia Pacific Holdings Ltd.
Details
31 August 2009
ZhongDe Waste Technology AG adjusted strategy for future growth in 2009
Details
3 August 2009
ZhongDe Waste Technology AG Annual General Meeting adopts dividend
Details
30 July 2009
ZhongDe Waste Technology AG signs letter of intent with ThyssenKrupp Xervon Energy
Details
20 July 2009
ZhongDe Waste Technology AG signs contract for waste incineration plant in Zhaodong City
Details
10 June 2009
ZhongDe Waste Technology AG announces to postpone its Annual General Meeting
Details
29 May 2009
ZhongDe Waste Technology AG presents its financial results for Q1 2009
Details
30 April 2009
ZhongDe Waste Technology AG maintains high growth rates
Details
20 April 2009
ZhongDe Waste Technology AG announces signing of two large-size BOT projects
Details
6 April 2009
ZhongDe Waste Technology AG signs Letter of Intent on Renewable Energy Projects for Electricity Generation in Jilin, PRC
Details
3 February 2009
ZhongDe Waste Technology AG announces strategic cooperation agreement with Genesis Energy Holdings Limited
Details
23 January 2009
ZhongDe Waste Technology AG signs contract with Zhucheng Baoyuan New Energy Power Generation Co., Ltd
Details
29 December 2008
ZhongDe Waste Technology AG announces change in the Supervisory Board
Details
28 November 2008
ZhongDe Waste Technology AG reports continued healthy growth in Q3 2008
Details
10 November 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
Details
30 September 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
Details
29 August 2008
ZhongDe Waste Technology AG reports continuous growth in Q2 2008
Details
30 June 2008
ZhongDe Waste Technology AG announces cooperation agreement with Veolia
Details
16 June 2008
ZhongDe Waste Technology AG announces signing of Lianshui BOO project
Details
30 May 2008
ZhongDe Waste Technology AG reports strong growth in Q1 2008
Details
29 April 2008
ZhongDe Waste Technology AG presents its audited full year results for fiscal year 2007: net profit more than doubled – order intake increased by 90% to €44.4 million
Details
7 April 2008
ZhongDe Waste Technology AG announces signing of Xinjiang BOT project
Details
18 March 2008
ZhongDe Waste Technology AG releases preliminary results for fiscal year 2007: net profit more than doubled - order intake increased by 90% to €44.4 million
Details
11 March 2008
ZhongDe Waste Technology AG signs contract for large scale waste incinerator plant
Details
28 November 2007
ZhongDe Waste Technology AG continues to grow in Q3 2007
Details
19 September 2007
ZhongDe Waste Technology AG secures land usage rights in Beijing – headstone for building a second production facility
Details
28 August 2007
ZhongDe Waste Technology AG presents strong performance in H1 2007
Details
9 August 2007
ZhongDe Waste Technology AG announces signing of two BOT projects
Details
12 July 2007
ZhongDe Waste Technology AG: Greenshoe option exercised in full
Details
5 July 2007
ZhongDe Waste Technology AG sets offer price and issue volume
Details
28 June 2007
ZhongDe Waste Technology AG: Price range between Euro 23 and Euro 26
Details
25 June 2007
ZhongDe Waste Technology AG launches its Initial Public Offering on the Prime Standard in Frankfurt
Details
14 June 2007
ZhongDe Waste Technology AG planning IPO in July 2007
Details
