Riemann Investment Assisted Asian Bamboo AG to Successfully Float on German Main Board Market

Riemann Investment Assisted Asian Bamboo AG to Successfully Float on German Main Board Market

November 16, 2007

    FRANKFURT, Germany, Nov. 16 /Xinhua-PRNewswire/ --
Riemann Investment Holdings Ltd. (`Riemann Investment'), as
the sole financial advisor, successfully assisted Asian
Bamboo AG ("Asian Bamboo") to get listed on the
Prime Standard of Frankfurt Stock Exchange. It is the
second Chinese company to enter the Prime Standard of the
Deutsche Bourse, and is also the second successful IPO
transaction advised by Riemann Investment in Germany. 

    Asian Bamboo (Code: "5AB") raised total RMB
1.04 billion with P/E ratio approximately 30 times based on
the forecasted net profit of 2007, and the IPO price was
Euro 17 per share. During the international road show,
numerous renowned institutional investors showed great
interest in this second Chinese company and shares of Asian
Bamboo were oversubscribed by 15 times, a new record on the
Prime Standard of Frankfurt Stock Exchange. Fortis Bank,
GLG Partners, Inc., Cominvest Asset Management Limited, UBS
AG, Deutsche Bank, Credit Suisse Private Banking, LCF Edmond
de Rothschild Banque etc. all became major shareholders of
Asian Bamboo.
 
    Asian Bamboo AG was registered in Hamburg with main
business operations in China. Its wholly-owned subsidiary,
Fujian Xinrixian Food Development Co., Ltd., a leading
agricultural enterprise in Fujian Province, is committed to
the development, consolidation and integrated utilisation of
bamboo forest resources, forming a complete industry chain.


    Currently, the major business scope of Asian Bamboo
includes the production, processing and sales of moso
bamboo, fresh bamboo shoots, and bamboo shoot products.
Relying on the more than ten years' of accumulated
experience and scientific management, Asia Bamboo has
turned into a company specialised in and famous for the
development of natural resources, with leading capabilities
of resource integration in the industry. 

    As the sole financial advisor to Asia Bamboo, Riemann
Investment provided professional advice with regard to a
wide range of areas, including corporate restructuring,
optimisation of internal control mechanism, improvement of
corporate governance, establishment of investor relations,
etc during the listing preparation. Furthermore, Riemann
Investment also provided Asian Bamboo with strategic advice
on the re-building of business model, exploration of
business value, helping it achieve the transition from an
agricultural product processing company to a natural
resource development firm, and laying a strong foundation
for the company's upward revaluation in the capital
market.

    The successful implementation of its business model
provides a guarantee for the company's sustainable
development and stable earning growth, which is precisely
the reason for the favouring of Asian Bamboo by numerous
top institutional investors during the road show. 

    Brief Introduction to Riemann Investment:

    Riemann Investment Holdings Ltd. provides fast-growing,
high potential Chinese domestic companies custom-tailored
professional services in overseas financing and IPO. Our
comprehensive services cover equity investment, M&A,
private placement, IPO consultation and post-IPO
maintenance and financing, etc. We take pride in our
experienced professional team who is capable of offering
our clients timely, customized solutions and help them
achieve their value creation.

    Our services are based on our in-depth knowledge of the
international capital markets and Chinese domestic
enterprises. Focusing our services on domestic companies
and working with our strategic partners, we create a
win-win situation for both our client companies and their
capital investors.

    At Riemann Investment, we are building a dynamic open
service platform that we are constantly perfecting.

    For further information on Riemann Investment, please
see http://www.shrminvest.com .


    For more information, please contact:

     Raymond Wang
     Riemann Investment Holdings  Ltd.
     Tel: [phone] 
     Fax: [phone] 
     Email: [e-mail],
[e-mail]
     Web: http://www.shrminvest.com
     Suite 12E, No. 588, South Pudong Road, Pufa Tower, 
     Shanghai, PRC (200120)