Offer Document – Takeover Offer for the acquisition of shares in KHD Humboldt Wedag International AG
Further information is also available on the website www.avicgo1.de
Further information is also available on the website www.avicgo1.de
Cologne, Germany, October 16, 2018 –KHD Humboldt Wedag International AG (KHD), Cologne, adjusts the forecast for its adjusted earnings before interest and taxes (EBIT) for the 2018 financial year as part of the updating of the annual planning. Due to cost overruns in project execution, the adjusted EBIT is now expected to be at about the same level as in the previous year.
At its meeting today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, has elected Mr. Shaohua Jin as the new Chairman.
HD Humboldt Wedag International AG (KHD) has reached an agreement on granting an additional € 50 million loan to AVIC International Kairong Limited, Hong Kong, as the borrower. This loan will run from November 13, 2017 and will replace a loan that has been granted to AVIC International (HK) Group Ltd., Hong Kong, which will become due for repayment on November 13, 2017.