The bamboo plantation operator, Asian Bamboo, traded today for the first time in the Prime
Standard of the Frankfurt Stock Exchange. The share which was oversubscribed 15-fold lay at EUR 17
at the upper end of the price margin. The gross issuing total amounts to approx. EUR 95 million
with the green shoe option being fully used. Most of the 5.6 million shares on offer are from a
capital increase. Only around 100,000 and the green shoe were provided by several old shareholders.
Around 44% is in broadly based share ownership.
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.
Sal. Oppenheim and the Bank of China assisted Asian Bamboo as consortium banks.
Asian Bamboo produces bamboo as a raw material for the food, furniture, paper and construction
industry. The company has more than 300 employees and increased its turnover last year by approx.
68 percent. Continued growth rates are expected as demand increases for bamboo sprouts which are
suitable for consumption. The issue proceeds are for long-term leases of further bamboo
forests in China. Additionally processing of bamboo sprouts and stems is to be expanded. Asian
Bamboo is also planning to construct its own factory for bamboo floor coverings.
After ZhongDe Waste Technology and Asian Bamboo, the chip card provider Vtion Wireless is
also preparing its IPO in Frankfurt before the end of the year. Vtion is one of the leading
manufacturers of chip cards for mobile internet access. This Chinese company will also be advised
by CMS Hasche Sigle. The firm will therefore have assisted three out of four Chinese IPOs
this year. Further IPOs of Chinese companies are planned for 2008.
Adiviser 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);
Dr 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 Lichtestein, 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.
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