DGAP-News: UFC Holding N.V. english
10:23 02.10.07
Capital Increase
New strategic investor participates in UFC Holding N.V.
Corporate News transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Eindhoven, October 2, 2007 – Today, UFC Holding N.V. announces that a
strategic investor participates in the company by way of a capital
increase. Hence, UFC Holding N.V. issues 50,000 shares with a nominal value
of EUR 0.01. The issue price is EUR 1.60 per share and exceeds the current
share price. Pre-emptive rights will be excluded.
The proceeds of the capital increase will be used for the outstanding
payments for the acquisition of the remaining 75 % of shares in United
Forest Resources (Global) Pte Ltd (UFR) which have already been transferred
to UFC Holding N.V. With this capital increase UFC Holding N.V. is able to
finalize the planned corporate structure. The company now has an issued
capital of EUR 100,500 consisting of 10,050,000 shares. The new shares are
entitled to dividends for the full fiscal year 2007.
The issue price is based on a study of Sallmanns (Far East) Ltd that
evaluated the present value of four core projects of United China Forestry
Resources Development Ltd. (UFC China) at approximately EUR 11m (RMB 113m).
Not included in the Sallmanns study are earning potentials of further
business activities of UFC China. In order to use all resources of the
forestry projects, UFC China recently started additional business
activities in the agricultural business.
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