After ZhongDe, CMS Hasche Sigle advises Asian Bamboo the second IPO by a Chinese group of companies on the Frankfurt stock exchange.

Following ZhongDe Waste Technology's IPO in July, Asian Bamboo, a Chinese bamboo producer, will be the second Chinese group to be admitted to the Prime Standard of Deutsche Börse. Trading will start next week.

The Hamburg holding, Asian Bamboo AG, unites three Chinese companies who produce bamboo as a raw material for the food, furniture, paper and construction industries. The company has about 300 employees and increased its turnover last year by approx. 65 per cent. Continued growth rates are expected as demand increases for organic bamboo roots and sprouts suitable for consumption. Asian Bamboo will use the issue proceeds to enter into long-term leases for further bamboo forests in China. Additionally, processing operations of bamboo sprouts and stems are to be expanded. Asian Bamboo is also planning to construct its own factory for bamboo floor coverings.

An experienced team of lawyers from CMS Hasche Sigle operating in close cooperation with the CMS office in Shanghai acted as issuer's counsel, providing Asian Bamboo with comprehensive advice on the IPO. The team drafted the prospectus in English and handled the BaFin clearance procedure. In addition CMS Hasche Sigle's Shanghai office performed the legal due diligence required for a capital market transaction. CMS Hasche Sigle also advised the issuer on conclusion of the assumption agreement with the consortium banks and on the legal restructuring, including formation of Asian Bamboo AG.

ZhongDe Waste Technology is one of the few companies recently listed in the Prime Standard which still continues to develop well. Since trading first started in July ZhongDe Waste Technology's shares have already increased by more than 40%.

Advisers to Asian Bamboo AG
CMS Hasche Sigle

Dr Andreas Zanner, partner, Frankfurt, (Capital Markets and Stock Corporation Law, Lead Partner)
Dr Henrik Drinkuth, partner, Hamburg (Capital Markets and Stock Corporation Law, Lead Partner)
Philipp Melzer, Frankfurt (Capital Markets)
Dr Ulrike Glück, partner, Shanghai (Chinese law)
Benjamin Kroymann, Frankfurt (Capital Markets);
Rainer Herzog, Hamburg (Stock Corporation Law)
Jeanette Yu, Shanghai (Chinese Law)
Karen Wang, Shanghai (Chinese Law)
Kevin Wang, Shanghai (Chinese Law)
David Yuan, Shanghai (Chinese law)
Dr Falk Lichtenstein, Shanghai (Chinese law)
Ann Chen, Shanghai (Chinese Law)

Contact CMS Hasche Sigle

Dr Andreas Zanner
Tel.: Email Andreas.Zanner@cms-hs.com

About CMS Hasche Sigle

CMS Hasche Sigle is one of the leading German law firms with more than 500 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.