Schramm 0955

Schramm 0955

Postby winston » Tue Dec 15, 2009 2:38 pm

Schramm is set to become the first German firm to list in Hong Kong.
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Re: Schramm 0955 IPO

Postby winston » Tue Dec 15, 2009 2:40 pm

Paintmaker Schramm will list in the city next week to raise up to HK$225 million.
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Re: Schramm 0955 IPO

Postby winston » Wed Dec 16, 2009 8:34 pm

Schramm (HKG:0955) IPO ''entry fee'' $3636.32
[Date:12-14-2009] Source: Infocast News

Schramm Holding AG (HKG:0955), a Germany-based producer of coatings, has today announced the details about its IPO:

Shares for offer: 5 million new shares, including 4.5 million shares (90%) for international placing and 0.5 million shares (10%) for Hong Kong public offering

Offer price: $29-45 per share

Gross proceeds: $145-225 million

Net proceeds: $157 million (assuming a median offer price of $37 per share)

Use of proceeds:
- 10.5% for expansion of facilities in Germany;
- 7.7% for producing and testing equipment in China;
- 18.8% for development of facilities in Tianjin, China;
- 15.5% for establishment of a resin factory in China;
- 20% for future merger or acquisition;
- 17.5% for repaying bank loans; and
- the balance for use as general working capital.

Prospective profit: at least EUR4.3 million ($50 million) for 2009

Board lot size: 80 shares

"Entry fee": $3636.32

Sponsor: Guotai Junan Capital

Receiving bank: ICBC (Asia) (00349)

Offer period: December 15 to noon of December 18

Listing date: December 29
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Re: Schramm 0955 IPO

Postby winston » Wed Dec 16, 2009 8:43 pm

http://www.hkexnews.hk/listedco/listcon ... 215013.HTM


Risks associated with the business of our Group

• Our success depends on the continuing efforts of our senior management team and key
members of our research and development team and our business may be harmed if we lose their services.

• Our competitive edge relies on us being able to protect our technical know-how and trade secrets.

• We rely on one production site in Germany to manufacture our in-house resin and to manufacture over 50% of our Group’s products.

• Our operations rely on the supply of raw materials from a few major suppliers.

• Our turnover relies on a few major customers.

• We may be obligated to pay significant compensation to our chief executive officer, if his employment is terminated under certain circumstances.

• Our turnover is substantially derived from the automotive and general industry segment.

• Our Group’s investment in the development of new technologies may not equate to
commercial success.

• Our international operations may expose us to fluctuations in foreign currency rates.

• We are subject to existing and changing environmental laws and regulations. Potential
liability for environmental problems could result in substantial costs.

• We have not yet obtained the relevant approval for occupational disease prevention project for our production facilities at Huizhou and Tianjin.

• We are subject to European Union REACH obligations.

• Our products may fail to perform as expected or may contain defects, and these failures or defects, and any negative publicity resulting from them, could result in reduced sales and could subject us to claims from purchasers or users of our products.

• Our insurance coverage may prove inadequate to cover potential claims in full.

• We may be subject to intellectual property claims.

• We may not be able to adapt to our customers’ varying requirements and demand, which could affect our relationship with customers.

• We must keep up with technological changes in the market in order to remain competitive.

• Our Controlling Shareholder is able to exercise significant influence over our corporate
policies and direct the outcome of corporate actions.

• A substantial portion of our Group’s sales to its customers is made on a credit basis.

• We do not have a full track record period for our production facilities other than in
Germany and our results of operations during the Track Record Period may not be
indicative of our future performance due to the significant changes we have made to our
Group structure.

• Our expansion strategy may not be achieved.

• Any restriction on the ability of our subsidiaries to pay dividends to us would adversely
affect our cash flows.

• We rely on advances and short-term bank loans and state-bank granted loans, among other cash resources, for our working capital needs.

• Risks associated with credit agreements for our business in Germany.

• We are subject to credit risks and counterparty risks in respect of our derivative
transactions.

• We may be unable to obtain financing on favourable terms, or at all, to fund our continuing operations, existing and future capital expenditure requirements, acquisition and investment plans and other funding requirements.

• Our business operation results may experience significant fluctuations.

• We have not obtained legal titles to some of the properties we occupy and certain of our leased properties may be subject to title encumbrances.

• Any business disruptions we experience as a result of acts of God, acts of war, epidemics,including the recent outbreak of swine influenza, and other factors outside of our control could affect our business and might result in substantial costs.
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Re: Schramm 0955 IPO

Postby winston » Wed Dec 16, 2009 8:46 pm

PE 7.8 to 12.1
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Re: Schramm 0955 IPO

Postby winston » Tue Dec 29, 2009 7:46 am

Applied.

Schramm climbed 13.38 percent to HK$41.95 from its offer price of HK$37. Investors made a paper gain of HK$396 per board lot of 80 shares.
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Re: Schramm 0955

Postby winston » Tue Dec 29, 2009 9:47 am

Applied.

DJ MARKET TALK: Schramm Set To Rise;First German Co To List In HK

0841 [Dow Jones] NEW LISTING: Schramm Holding (0955.HK) has distinction of being first German company to list in HK; stock set to rise on strong IPO response, with retail tranche 203X oversubscribed, triggering full clawback thus retail subscribers get 50% of 5 million shares offered.

Schramm supplies paint coatings for handsets made by Samsung, LG, also handset component manufacturers. IPO priced at HK$37.00/share, tad above middle point of HK$28.00-HK$45.00 indicative range, valuing company at 13.6X forward earnings based on forecast FY09 EPS of not less than HK$2.72; proceeds mostly intended for capacity expansion, M&As.

Shares traded on gray market ended yesterday +13.4% at HK$41.95

Source: Dow Jones Newswire
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