Haikui Seafood AG: Public share buyback tender offer successfully completed
The offer by Haikui Seafood related to a total of up to 1,027,600 non-par value bearer shares (ISIN DE000A1JH3F9 / WKN A1JH3F) corresponding to up to 10 percent of the Company’s share capital. As a total number of 921,346 shares have been tendered during the acceptance period, all tendered offers could be fully accepted.
As a result, the Company will own 921,346 treasury shares amounting to 8.97 per cent of the total share capital. The free float will amount to 3.14 per cent. The Company intends to cancel the shares bought back under the offer by way of a reduction of the share capital in accordance with the statutory provisions.
About Haikui Seafood AG
Haikui Seafood processes fish and seafood for the Chinese and international markets. Its products range includes frozen or canned fish and seafood, produced from a large variety of species of raw fish and seafood, including prawn, crab, various fish species and shellfish as well as cephalopods. Clients of Haikui Seafood are distributors in China and overseas, located mainly in Asia, the U.S. and Europe. It employs 650 permanent employees and 719 additional temporary workers as of June 30, 2015. The Company has an annual processing capacity of more than 34,000 tonnes (output). The processing facilities are located in the South-East of China on Dongshan Island, Zhangzhou, Fujian Province. Haikui Seafood operates a streamlined supply chain including self-owned processing facilities, in-house research and product development capacities as well as warehousing and cold storage facilities while simultaneously cooperating closely with raw goods suppliers.