Asian Bamboo AG announces exercise in full of greenshoe option
Hamburg, 23 October 2009. With reference to the announcement of 22 October, Asian Bamboo AG (ISIN DE000A0M6M79, Ticker Symbol “5AB”, “the Company”) announces that Sal. Oppenheim, on behalf of the underwriters, has exercised in full the greenshoe option ("the greenshoe") of purchasing 191,250 shares from Green Resources Enterprise Holding Ltd. ("Green Resources"), a company wholly owned by Mr. Lin Zuojun, the founder and CEO of Asian Bamboo.
These shares have already been placed with institutional investors at € 20.00 per share. Following the exercise of the greenshoe, Green Resources owns 6,760,700 shares which is equivalent to 48,2% of the total number of shares. The Company and Green Resources have agreed not to sell any additional shares without the prior consent of Sal. Oppenheim, the sole bookrunner, for a period of six months from the closing of the private placement (the soft lock-up period).
