Joint Statement of the Management Board and the Supervisory Board of KHD Humboldt Wedag International AG
Join Statement
Join Statement
Offer Document
In light of the voluntary takeover offer from AVIC the management board of KHD Humboldt Wedag International AG has taken the decision not to participate in the “Deutschen Eigenkapitalforum” in November in Frankfurt.
AVIC International Engineering Holdings Pte. Ltd., Europe Project Management Pte. Ltd., Europe Technology Investment Pte. Ltd. and Europe Engineering Holdings Pte. Ltd. published today in accordance with sec. 10 of the Securities Acquisition and Takeover Act their decision to make a joint voluntary public takeover offer to all KHD Humboldt Wedag International AG shareholders to acquire their no-par value ordinary bearer shares in KHD Humboldt Wedag International AG (ISIN: DE0006578008 / WKN: 657800) against payment of a cash consideration amounting to EUR 6.45 per share.
KHD Humboldt Wedag International AG, one of the world’s leading providers of equipment and services for the cement industry, has increased its revenue in the first half of 2013 compared to the same period in the previous year. The Group attained revenues of € 111.5 million – an 8.8% increase over the previous year. Earnings before interest and tax (EBIT) reached € 3.1 million, an improvement of € 0.9 million compared to H1 2012. EBIT margin also increased to 2.8%.
KHD Humboldt Wedag International AG, one of the world’s leading providers of equipment and services for the cement industry, has increased its revenue in the first half of 2013 compared to the same period in the previous year. The Group attained revenues of € 111.5 million – an 8.8% increase over the previous year. Earnings before interest and tax (EBIT) reached € 3.1 million, an improvement of € 0.9 million compared to H1 2012. EBIT margin also increased to 2.8%.
Today Ms. Eliza Suk Ching Yuen stepped down in her function as Chairperson of the Supervisory Board of KHD Humboldt Wedag International AG, Cologne, with immediate effect. The Supervisory Board elected Mr. Hubert Keusch as new Chairman of the Supervisory Board.
Yesterday at KHD Humboldt Wedag International AG’s annual general meeting, shareholders and management intensely discussed the operational business and future direction of the general standard listed company. Many private and institutional investors attended the meeting and were particularly interested in the Company’s future strategy as well as how the Company plans to communicate with the capital markets. 53.26% of the issued share capital was represented at the meeting.
Mr. Ralph Quellmalz (43) has been appointed Chief Financial Officer and member of the Management Board of KHD Humboldt Wedag International AG.
KHD will hold its annual general meeting on Monday, June 24th, starting at 12 p.m. at the Marriott hotel in Cologne, Germany. We have received a motion from shareholders and the Company is in the process of finalizing its response to this motion. The Company will publish the motion and corresponding response together with the convening notice and agenda for the meeting in due course. The updated financial calendar can be found on our website under https://www.khd.com/landing-page.html.