KINGHERO AG: Greenshoe Option exercised completely

KINGHERO AG  / Key word(s): IPO

10.09.2010 07:43
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- Greenshoe Option for 125,000 KINGHERO Shares exercised completely on 3
September 2010
- Total IPO Placement Volume accordingly amounting to EUR 15 million

Munich/Frankfurt, 10. September 2010. On 3 September, BankM - Repräsentanz
der biw Bank für Investments und Wertpapiere AG exercised in full the
option granted by the existing shareholder Zhang Yu to acquire up to
125,000 shares in KINGHERO AG at the placement price. In the course of the
placement, BankM had executed an over-allotment to investors amounting to
125,000 shares in KINGHERO AG.

BankM also assumed the role of the stabilisation manager. The stabilisation
period ended on 3 September 2010. Stabilisation measures were taken on 6
August 2010 in a price range between EUR 14.40 and 15.00.


About KINGHERO AG

KINGHERO AG is the German Holding Company of the KINGHERO Group of
companies, mainly active in the Peoples Republic of China (PRC). The Group
is a strongly growing apparel manufacturer and designer, featuring a
leading Chinese fashion brand for the strongly growing urban middle class
in China. The key to the Company's success is a high fashion degree with a
European 'touch and feel' as well as an upscale quality. The high speed of
the design and marketing of new collections ensures a fit to the changing
demands of the growing urban middle class in China. Being in this business
for more than 25 years, the group and its 896 employees produce attire for
all seasons under the KINGHERO brand. The product portfolio includes suits,
jackets, shirts, pants, sweaters for men and women and is divided into a
business casual range and a general casual range.

In 2009, the operating companies in the KINGHERO Group generated total
sales of EUR 48.9 million, EBIT of EUR 13.3 million and net profit of EUR
10.7 million. This represents increases over 2008 of 52.3% (sales), 59.4%
(EBIT) and 54.5% (net profit). KINGHERO holds a substantial lead over the
industry average with an EBIT margin of 27%. The company expects Group
sales to increase again significantly in 2010. In the first quarter of
2010, sales rose to EUR 14.9 million. This corresponds to an increase of
42.9% over the sales of EUR 10.4 million in the same quarter the previous
year. The EBIT margin amounted to more than 31%.


Disclaimer

This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any securities. The shares have been
sold.

This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of
KINGHERO AG (the 'Shares') have not been registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.

This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.



Kirchhoff Consult AG
Verena Rauch
Phone: +49 (0)40 60 91 86 0
verena.rauch@kirchhoff.de

KINGHERO AG
Montenstr. 11
80639 Munich
Germany
Phone: +49 (0)89 12 71 13 29
xiaoping.zhao-moll@kinghero.de 




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Language:     English
Company:      KINGHERO AG
              Montenstr. 11
              80639 München
              Deutschland
Phone:        089 - 127 11 329
Fax:          089 - 127 11 313
E-mail:       contact@kinghero.de
Internet:     www.kinghero.de
ISIN:         DE000A0XFMW8
WKN:          A0XFMW
Listed:       Freiverkehr in Hamburg, Düsseldorf, Stuttgart; Open Market
              (Entry Standard) in Frankfurt
 
End of Announcement                             DGAP News-Service
 
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