UFC Holding N.V.
UFC Holding N.V. is successfully listed on the Frankfurt Open Market
UFC Holding N.V. / IPO
Release of a Corporate News, transmitted by DGAP – a company of EquityStory
AG.
The issuer is solely responsible for the content of this announcement.
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Eindhoven, April 26, 2007 – UFC Holding N.V. announced today that the first
listing of the company on to the Open Market of the Frankfurt Stock
Exchange will take place tomorrow, April 27, 2007. The number of issued
shares amounts to 10 million in total. The free float of the company
equates to approximately 19 %, the remaining 81 % is held by the UFC
Holding N.V. Management.
UFC Holding N.V. – a Dutch based holding company focusing on the forestry
industry
UFC Holding N.V. is a Dutch based holding company that focuses on
investments in firms in the forestry industry. The holding started its
business activities in February 2006 with the clear focus on participating
in successful Chinese forestry companies and becoming a big national player
in a high growth and future dedicated market. As an initial strategic step
the company acquired a few days ago a 25 % stake in United Forest Resources
(Global) Pte Ltd, Singapore (UFR) and signed a ‘Letter of Intent’ (LOI) to
acquire the remaining 75 % of UFR for the amount of € 300,000 by December
31, 2007. UFR owns 25 % of United China Forestry Resources Development
Cooperation Ltd (UFC China) and is currently in the process of acquiring
the remaining stake of 75 %. UFC China focuses on the development of raw
materials such as forest resources in China and was founded in February
2006 as a part of a joint venture.
The wood market in China – one of the largest in the world
Due to the fast growing economy, the consumption of wood and wood related
products keep the market constantly growing. In line with expected further
economic growth the company assumes that the demand for wood and related
products will remain strong. In addition to this the Chinese forestry
policy and the encouragement of private sector investments in forestry by
the Chinese Central Government greatly improves UFC Holding chances to
participate in a developing market with a high growth potential. Coupled
with the acquisition of UFC China, an already established firm in the
forestry industry with extensive experience, UFC Holding N.V. aspires to
capitalise on the current market conditions.
UFC China – a company with vast business potential
The corporate and strategic target of UFC China is to create a conglomerate
in the forestry industry with a new chain of wood and forestry production.
Due to its strategic position and operative experience in the forestry
business UFC China expects good business opportunities in the sector for
itself and aims to be one of the top 10 forestry companies by the year
2011.
According to the Chinese Accounting Standards, UFC Chinas revenues in the
fiscal year 2006 amount to RMB 38.8 million (approx. € 3.7 million) with a
profit after tax of RMB 6.8 million (approx. € 647k). The paid-up capital
of UFC China amounts to RMB 50 million (approx. € 4.8 millions). The major
revenue is derived from two areas. The first being a sub-division of the
plots of planted trees and the sale of them as an investment to investors,
the second being the agricultural vegetation designed with local partners
specifically to fit the land space between trees which production yields
very attractive profits that are higher than tree licence investment.
In the course of 2007 UFC China will increase its efforts with regard to
agricultural vegetation since this is a very high quality business model to
achieve short-term returns for long-term investment in forestry.
UFC China is currently preparing its financial statements according to the
International Accounting Standards.
More information regarding UFC Holding N.V. can be found at the company’s
website www.ufc-holding.com.
For any further information, please contact our Corporate Communications
Team directly:
esVedra consulting GmbH
Metis-Corinna Tarta
t.: +49 89 2441184-11
info@esvedra-consulting.com
DGAP 26.04.2007
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