KHD Humboldt Wedag International AG (KHD) successfully concluded its capital increase today. The capital increase, which is from approved capital and grants statutory subscription rights to existing shareholders, formed the subject of a Management Board resolution with Supervisory Board assent on December 21, 2010.
On January 19, 2011, the subscription period for new shares of KHD Humboldt Wedag International AG (“Company”) ended. As announced in the ad hoc disclosure from December 21, 2010, the capital increase would be completed only if upon close of the subscription period sufficient shares from the authorized capital remain available to permit CATIC’s indirect subsidiary Max Glory Industries Ltd. (“MGI”) to subscribe for such a number of new shares which results in MGI holding 20% of the shares in the Company post completion.
KHD Humboldt Wedag International AG (‘KHD’), one of the world’s major suppliers of cement manufacturing equipment, has concluded a strategic partnership with Beijing (Peoples Republic of China) based CATIC Beijing Co., Ltd. (‘CATIC’), a subsidiary of China’s state-owned AVIC International Holding Corporation.
KHD Group, one of the world’s major suppliers of cement manufacturing equipment, has won a major order from India based UltraTech Cement, the largest cement producer in India and member of the Aditya Birla group.