KHD Humboldt Wedag International AG: Sufficient Shares Available For CATIC

  • Cooperation with CATIC opens up Chinese market for KHD Humboldt Wedag International AG and gives joint access to international turnkey projects
  • Transaction expected to be closed between February 8 – 14, 2011

Cologne, January 20, 2011 – 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. The Company herewith informs that sufficient shares are available and a respective portion thereof will now be offered to MGI for subscription as provided for under the terms of the Subscription Agreement. This step is a major milestone of the cooperation of the Company with CATIC, which will enable the two partners to bid on a wider range of projects, including large turnkey projects, and penetrate the most important cement markets – including China, the largest cement market in the world. The Subscription Agreement provides for completing of the subscription by MGI and final closing no later than February 14, 2011 subject to various conditions, which the Company believes will be fulfilled. The exact figures as to the number of new shares to be issued in the course of this capital increase will be announced upon final completion of the transaction.

Disclaimer

This release is neither an offer to sell nor a solicitation of an offer to buy or subscribe for any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. This release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended. KHD does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement should not be made in and may not be distributed or sent into the United States, Canada, Australia or Japan.

Additional Information

ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock Exchange

KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Cologne, Germany

Contact

cometis AG
Ulrich Wiehle

Tel.: +49 (0)611 – 205855-11
Fax: +49 (0)611 – 205855-66
E-Mail: wiehle@cometis.de

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