DGAP-News: China Specialty Glass AG: Listing scheduled for 14 December 2010

China Specialty Glass AG  / Key word(s): IPO

29.11.2010 11:00
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* Offer period starts on 6 December 2010
* Offering of 6,000,000 shares from a capital increase
* Greenshoe of up to 900,000 existing shares for potential over-allotment
* Estimated gross issue proceeds up to EUR 100 million 

Gruenwald/Munich, 29 November 2010 - The Listing of China Specialty Glass
AG ('CSG') in the Prime Standard of Frankfurt Stock Exchange has been
scheduled for 14 December 2010. CSG, the German Holding Company of one of
China's largest producers of security glass, offers up to 6,900,000 shares.
Thereof, 6,000,000 shares originate from a capital increase against cash
contribution. In addition, a Greenshoe of 900,000 existing shares from the
current shareholders of CSG will be placed in connection with a potential
over-allotment. The shares carry full dividend rights and will thus be
eligible for any dividends from and including the financial year 2010. The
company estimates to raise gross issue proceeds of up to EUR 100 million.

The offering consists of a public offering in Germany and Luxembourg and
private placements to institutional investors outside Germany, Luxembourg
and the United States. The offering period is expected to begin on 6
December and to end on 9 December 2010. The Sole Global Coordinator and
Sole Bookrunner of the transaction is VISCARDI AG. Retail investors can
submit orders at comdirect bank AG, Cortal Consors S.A., DAB bank AG and S
Broker AG & Co. KG.

Strong competitive position

CSG has a strong market position in the Chinese market for specialty glass
and a well established reputation as industry pioneer. Sold under its brand
'Hing Wah', the China Specialty Glass Group introduced the first
'Made-in-China' bulletproof glass to the Chinese market in 1997, the first
bomb blast resistant glass in the Chinese market in 2008. In 2009, the
company launched an electric-controlled colour-changing glass product for
the construction industry. By now, the company is one of the largest
manufacturers of security glass and the market leading provider in China
for bulletproof glass. With its focus on a regulated product segment, the
company benefits from government policy and restrictive regulations. And
with its wide-spread sales network covering 19 provinces and regions in
China and an experienced management team, CSG disposes of an extensive
business network.

Average growth rate of 17% during last three years

During the last three years, CSG managed to grow with an average rate of
17%. Total revenues in this period rose from EUR 37.4 million in 2007 to
EUR 50.9 million in 2009. The net profit margin in 2009 reached 27.8%. In
the first nine months of 2010, total revenues grew 44.6% and reached EUR
49.9 million, representing an all-time high for the company. In the same
period, net profit increased by 66.3% to EUR 15.7 million bringing the net
margin to 31.4%.

CSG is convinced that on the background of the growing GDP and rising
wealth of the population, the growth of the Chinese market for security and
construction glass will continue. To profit from this development, CSG
plans to use the expected proceeds of the IPO to finance a new production
site, modernise and expand its existing production facilities, establish a
R&D centre and finally finance its further market expansion and regular
operations.

About China Speciality Glass AG
China Speciality Glass AG is the German holding company of China Specialty
Glass Group. The group develops, produces and sells specialty glass. The
company's major products sold under its 'Hing Wah' brand are security
glass, which includes bulletproof glass and intruder resistant glass, as
well as construction glass, which includes architecture laminated glass,
architecture tempered glass, fire resistant glass, hollow glass and
electric-controlled colour-changing glass. For security glass products in
the Chinese banking and automotive industry, the Group is one of the market
leaders both in terms of production output and market share.

Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of China Specialty Glass AG. The offer is being made solely
by means of, and on the basis of, the published securities prospectus
(including any supplements thereto). An investment decision regarding the
publicly offered securities of China Specialty Glass AG should only be made
on the basis of the securities prospectus. The securities prospectus is
available free of charge from the Company, the syndicate bank or on the
Company's website (www.csg-ag.de).
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 China
Specialty Glass 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.



For further requests please contact:

Kirchhoff Consult AG
Dr. Kay Baden
T: +49 40 60 91 86 0
F: +49 40 60 91 86 60
E-mail: baden@kirchhoff.de

or visit www.csg-ag.com





29.11.2010 Dissemination of a 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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