KINGHERO AG
KINGHERO AG places capital increase to promote growth
KINGHERO AG / Key word(s): Capital Increase 24.05.2011 / 17:16 Munich, 24 May 2011. KINGHERO AG, the German holding company of a fast-growing Chinese fashion company, has placed 650,000 shares within the scope of the rights issue capital increase and a private placement with new investors, existing shareholders and the management. The placement price was EUR 23.00. After the entry in the Commercial Register, the share capital amounts to EUR 6,775,000.00. The new shares carry dividend rights as of 1 January 2010. The proceeds of the capital increase amounting to approx. EUR 15 million are to be used to establish further flagship stores. Through this step, the company anticipates not only high-margin revenue increases, but also an improvement of the brand management in the closely monitored flagship stores as well as a positive image transfer through immediate vicinity to leading international fashion brands in the context of store openings with the leading luxury mall operator PCD Stores. 'We are pleased with the confidence of the investors in this difficult market environment. With the proceeds of the capital increase, we can finance our intended investments and our dynamic growth up to 2013. And this is possible with strong liquidity and no bank debt', states Zhang Yu, CEO and founder of KINGHERO. 'The opening of the new flagship stores will be proactively communicated to the capital market.' BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG was comissioned as Sole Bookrunner and BankM together with Silvia Quandt & Cie. AG, contractually tied agent of biw Bank für Investments und Wertpapiere AG, acted as Joint Lead Managers for the capital increase. About 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. For further information please contact: Kirchhoff Consult AG Dr. Kay Baden Phone: +49 (0)40 60 91 86 0 baden@kirchhoff.de KINGHERO AG Montenstr. 11 80639 Munich Germany Phone: +49 (0)89 12 71 13 29 xiaoping.zhao-moll@kinghero.de Disclaimer This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares of KINGHERO AG (the 'Shares') have not been registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States and the Shares will not be registered under the Securities Act. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. End of Corporate News --------------------------------------------------------------------- 24.05.2011 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: KINGHERO AG Montenstr. 11 80639 München Deutschland Phone: 089 - 127 11 329 Fax: 089 - 127 11 313 E-mail: contact@kinghero.de Internet: www.kinghero.de ISIN: DE000A0XFMW8 WKN: A0XFMW Listed: Freiverkehr in Düsseldorf, Hamburg, Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 126021 24.05.2011
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