BankM AG
BankM – Repräsentanz der biw Bank für Investments und Wertpapiere AG: BankM – biw AG successfully concludes 15m EUR capital increase for KINGHERO AG

BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG /
Key word(s): Capital Increase/Corporate Action

26.05.2011 / 10:44

- 650,000 new shares were placed to the shareholders of the company and
interested international investors
- Capital inflow of around 15m EUR safeguards KINGHERO's growth financing


Frankfurt, May 26, 2011 - BankM - representative office of biw Bank fuer
Investments und Wertpapiere AG successfully concluded a capital increase
for Munich based KINGHERO AG (ISIN DE000A0XFMW8, Entry Standard, KH6). The
subscription period of this rights issue ended on May 23, 2011. 650,000 new
shares were placed to the shareholders of the company and - in a private
placement - to interested international investors at a subscription price
of 23.00 EUR each. The company increased its capital stock by ca. 11%.

BankM - biw AG was joint lead manager and sole bookrunner in this issue.

With the capital gross inflow of around 15 million EUR into the company,
the apparel manufacturer and designer with operations mainly in China,
plans to establish further flagship stores to rapidly promote growth. In
particular, due to the recent cooperation agreement with PCD stores Group
Ltd., KINGHERO has the possibility to significantly expand the number of
the flagship stores in highly frequented and exclusive luxury shopping
malls. Through this step, the company anticipates not only high-margin
revenue increases, but also an improvement of the brand management as well
as a positive image transfer through immediate vicinity to leading
international fashion brands.

Thomas Stewens, BankM - biw AG added: 'KINGHERO is a fast growing company
that stressed a sound financing from day one. Chinese small and mid-sized
companies as KINGHERO often hardly have any access to debt financing or
face unfavorable conditions. This type of equity based funding ideally
secures the anticipated and continuing growth of KINGHERO.'




KINGHERO AG:
KINGHERO AG is the German Holding Company of the KINGHERO Group of
companies, mainly active in the Peoples Republic of China (PRC). The Group
is a strongly growing apparel manufacturer and designer, featuring a
leading Chinese fashion brand for the strongly growing urban middle class
in China. The key to the Company's success is a high fashion degree with a
European 'touch and feel' as well as an upscale quality. The high speed of
the design and marketing of new collections ensures a fit to the changing
demands of the growing urban middle class in China. Being in this business
for more than 25 years, the group and its more than 1,000 employees produce
attire for all seasons under the KINGHERO brand. The product portfolio
includes suits, jackets, shirts, pants and sweaters for men and women and
is divided into a business casual range and a general casual range.

BankM - biw AG:
Since 2007, BankM - representative office of biw AG (Frankfurt am Main,
Germany) is the partner of small and mid-sized enterprises and specialising
in capital market financing with its experienced team. Despite the banking
and debt crisis, we have increased our client base from 11 in 2007, 24 in
2008 to over 35 in 2009, and more than 40 companies now place their trust
in our services. Unlike Anglo-Saxon style investment banking, our
philosophy is to provide support for high-growth companies based on the
principles of relationship banking. BankM - biw AG specialises in advising
and supporting clients seeking to strengthen their equity base to ensure
secure and efficient funding for future growth.
 
BankM's service-portfolio ranges from the wide field of equity financing,
market making on the electronic trading platform Xetra ('Designated
Sponsoring'), research, debt and hybrid financing, as well as M&A. BankM -
biw AG is a team of professionals with a personal interdisciplinary
experience of more than 100 years from over 150 transactions (including
more than 30 IPOs).


For further queries please contact:

Thomas Stewens
BankM - Repraesentanz der biw Bank für Investments und Wertpapiere AG 
Mainzer Landstraße 61
60329 Frankfurt
Germany
Phone.: +49 (0) 69 71 91 838-10
Fax: +49 (0) 69 71 91 838-50   
e-mail: pr@bankm.de
Internet: www.bankm.de


End of Corporate News

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126319 26.05.2011