Corporate News of August 25, 2014
CWZ China Flowers AG: First day of trading on Entry Standard
Cologne, August 25, 2014: The shares of CWZ China Flowers AG (German Securities Identification Number (WKN): A1X3YJ1; ISIN: DE000A1X3YJ1; ticker symbol: C9R) are traded on the Entry Standard market segment of the Frankfurt Stock Exchange for the first time this Monday. A total of 18,110,700 no-par value ordinary bearer shares, with a proportional amount in the Company’s share capital of EUR 1.00 per share, was included in the trading. In the course of the capital increase prior to the Company’s IPO, 110,700 shares were placed at EUR 9.03 per share.
The shares were primarily issued to institutional investors. These shares are entitled to full participation in the profits of business year 2014. The Company’s gross proceeds from the share issue amount to just under EUR 1.0 million and will be mainly used to widen the Company’s range of flower and plant products, to extend its telephone sales network, and to expand its production sites in the People’s Republic of China.
“We are very pleased by the commencement of trading in our shares on the Frankfurt Stock Exchange. It is our declared aim to achieve continuous growth of the Company, to continue our profitable business in the flower and horticulture segments, and to increase brand awareness”, said Yuchang Xiao, CEO of CWZ China Flowers AG.
The transaction was accompanied by CM Equity AG as Global Coordinator. Designated Sponsor and Deutsche Börse Listing Partner is CeFDex AG, KochBank Brokerage and Corporate Finance. The Company’s investor relations adviser is Value Publication & Consulting GmbH.
Corporate contacts
Chun Wu Zhi Floral
Anna Chen
Phone: +86-871-63339114
E-mail: chenaijia@531314.com
Web: www.cwzflower.com
Investor relations contacts
Value Publication & Consulting GmbH
Marcus Kapust / Ralph Wintermantel
Phone: +49-69-175371688
E-mail: cwz@value-publication.de
Web: www.value-publication.de
About CWZ China Flowers AG
CWZ is a fast growing telephone and e-commerce provider of fresh cut flowers in the People’s Republic of China (“PRC”). In addition, CWZ is engaged in the planting, marketing and distribution of flowers and plants as a florist and plant provider and, to a minor extent, in the selling of flower related products. The floral and plant products consist of fresh cut flowers, flowering house plants, foliage and bedding plants as well succulent plants, whereas the flower-related products consist in particular of flower tea and personal care products.
CWZ’s headquarter is located in Kunming city, Yunnan province. In 2013, CWZ significantly expanded its business activities in wholesale by adding planting activities in Jiangxi and Fujian provinces. For the wholesale business, CWZ cultivates and produces mainly floral and plant products by itself on its plantations in the provinces of Fujian, Jiangxi and recently in the province of Shandong as well as engages local farmers and flower province agents for the cultivation of the plant products.
