CBF China Bio-Fertilizer AG
CBF China Bio-Fertilizer AG places EUR 5 million
China Bio-Fertilizer AG / Key word(s): IPO CBF China Bio-Fertilizer AG places EUR 5 million 09.12.2010 / 15:18 - Private placement of 770,000 shares at EUR 6.80 per share concluded - Listing in the Entry Standard segment of the Frankfurt Stock Exchange on 10 December 2010 Hamburg, Germany, 9 December 2010 - CBF China Bio-Fertilizer AG, the German holding company of a Chinese manufacturer of bio fertilizer produced using microorganisms, has successfully placed a total of 770,000 shares with investors. The shares were issued at a price of EUR 6.80 per share as part of a private placement and all originate from a capital increase agreed upon at the General Meeting in November. The issue volume accordingly amounts to EUR 5.2 million. The company intends to use the proceeds generated by the capital increase inter alia for the purposes of expanding its own production facilities and therewith triple the annual production capacity of the facilities. CBF China Bio-Fertilizer AG is working towards being listed in the Entry Standard segment of the Frankfurt Stock Exchange, and its inclusion is scheduled for 10 December 2010. There will be a free float of approximately 15,4%. Lead Manager of the transaction was M.M.Warburg & CO KGaA. Bacteria-based biological fertilizer CBF China Bio-Fertilizer AG is the German holding company of its operating subsidiary Shandong Chengwu Jiuzhou Science and Technology Development Company Limited based in Heze, Shandong Province, China. CBF's bio fertilizer primarily consist of two different bacteria that, when put in the ground with the conventional fertilizers convert phosphorus and potassium into a form that is easily absorbed by plants. Using this bio fertilizer reduces the need for chemical fertilizers by up to 30% and, depending on the type of plant, boosts crop yields by up to 30%. Net profit margin of 49% in 2009 CBF currently sells its fertilizer directly to major agricultural cooperatives, plantations and wholesalers in China. Its product was launched in the Chinese market in May 2009. In the last eight months of 2009 financial year, the company already recognised sales of approximately RMB 42.8 million (EUR 4.8 million) with a net profit of around RMB 21.0 million (EUR 2.4 million). Its net profit margin was 49%. In the first half-year of 2010, the company had already reported sales of RMB 50.7 million (EUR 5.7 million) with net profit of RMB 24.2 million (EUR 2.7 million). Its net profit margin therefore remained stable at 48% in the first half of 2010. About CBF China Bio-Fertilizer AG CBF China Bio-Fertilizer AG ('CBF') produces and distributes bio fertilizer through its operating subsidiary in China. Based on its own estimates, the company is the market leader in the Chinese market for bio fertilizer. Its products reduce the use of conventional fertilizers and simultaneously boost crop yields. CBF is licensed by the Ministry of Agriculture of the People's Republic of China. The operating subsidiary of CBF 'Shandong Chengwu Jiuzhou Science and Technology Development Company Limited' was founded in Shandong Province, China, in 2005, with a view to exploiting biotechnological processes for agriculture. After three years of development work, in May 2009 the company launched its first bio fertilizer product based on microorganisms in the Chinese market under the brand name 'Xin Sheng Li'. At present CBF distributes its bio fertilizer in seven of 26 Chinese provinces. The company intends to expand to further provinces. For more information, please contact: Kirchhoff Consult AG Janina Wismar, Tel.: +49 (0)40 6091 860, janina.wismar@kirchhoff.de or go to www.chinabiofertilizer.com Disclaimer This publication constitutes neither an offer for the sale of or an invitation to buy securities of CBF China Bio-Fertilizer AG. This document is not an offer for securities for sale in the United States of America. Securities may only be sold or offered for sale in the United States of America following their prior registration in accordance with the provisions of the U.S. Securities Act of 1933 as amended or, without prior registration, only on the basis of an exemption. The shares of Madison Property AG are not and shall not be registered in accordance with the provisions of the U.S. Securities Act of 1933 as amended and are neither sold nor offered for sale in the United States of America. This document is only distributed to and targeted at (i) persons outside of the United Kingdom or (ii) professional investors pursuant to Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or (iii) companies with assets and other persons with assets pursuant to Articles 49(2)(a) to (d) of the Order (with these persons being referred to as 'qualified persons'). All securities referred to here are available to qualified persons only and any request, offer or agreement to obtain, purchase or acquire such securities by any other means shall only be made in relation to qualified persons. Individuals who are not qualified persons should under no circumstances take action on the basis of this information or its content. End of Corporate News 09.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: China Bio-Fertilizer AG Schopenstehl 22 20095 Hamburg Deutschland E-mail: hckwong168@gmail.com Internet: www.chinabiofertilizer.com ISIN: DE000A0AFEV5 WKN: A0AFEV Listed: Entry Standard in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 106028 09.12.2010
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