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The Frankfurt Stock Exchange listed the first Chinese company, ZhongDe Waste Technology AG (ISIN DE000ZDWT018), on the Prime Standard on Friday. The ZhongDe share was admitted to the regulated market. The issue price was €26, while the first price was €30. The company was allocated to the Industrial sector of the Prime Standard and to the Industrial Products & Services industry group. Lead manager and designated sponsor of the issue was Sal. Oppenheim jr. & Cie.; joint lead manager is Bank of China BOCI Asia Limited; co-lead manager is CLSA Asia-Pacific Markets; additional research provider is Haitong Securities; and lead broker was Equinet AG.
ZhongDe Waste Technology AG has stated that it is a leading provider of small to medium-sized waste incineration plants in China. The company designs, produces and installs pyrolytic incineration plants to eliminate clinical, urban and industrial waste. ZhongDe Waste Technology AG’s registered office is in Hamburg, Germany. The main operating sites are located in Fuzhou, the People’s Republic of China. ZhongDe employs 189 people (as at 30 April 2007).
“Prime Standard is the segment with the most stringent transparency requirements on the European capital market. It offers companies high visibility and excellent positioning vis-à-vis national and international investors. Via our electronic trading system Xetra and floor trading, Deutsche Börse offers international companies maximum liquidity, an efficient and cost-effective listing process and thus comparatively low capital costs. This listing is another successful result of our activities in China”, said Frank Gerstenschläger, Executive Board member responsible for the cash market at Deutsche Börse.
Deutsche Börse continues to strongly expand its relations with China and to be a reliable partner for Chinese companies. For example, it is organizing capital market events and listing seminars in China in collaboration with its listing partners, and is expanding its listing partner network to include Chinese intermediaries and capital market participants. Furthermore, Frankfurt will be hosting the China Europe Business Forum from 7-9 November, and the German Equity Forum, with China as main topic, from 12-14 November.
ZhongDe is already the 18th new entrant to the Prime Standard this year. Thus far, 3 companies were listed on the General Standard, 26 on the Entry Standard, and 64 new entrants were recorded on the Open Market.
