Chinese producer of shoe soles Fenghua SoleTech AG goes public on Frankfurt Stock Exchange with over 10 million shares offered for trade

FRANKFURT, 7-11-2014 — /EuropaWire/ — Fenghua SoleTech AG (ISIN: DE000A13SX89) has been listed in the General Standard of the Frankfurt Stock Exchange since 6 November, offering over 10 million shares for trade. The initial listing price was €10.40; the issue price €10.00.

The consortium banks are ACON Actienbank AG and Dom Maklerski DF Capital Sp. z o.o. Scheich & Partner Börsenmakler GmbH is the specialist.

Fenghua was founded in 2004 and is a technology-driven Chinese producer of shoe soles. According to company information, Fenghua produces more than 40 million pairs of shoe soles per year. The soles are designed for performance sports shoes as well as for leisure and casual sports shoes. Fenghua targets primarily shoe manufacturers in the mid- to high-end product segment in China and for international brands. Fenghua generated sales of €90.1 million in financial year 2013.

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