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PRESS RELEASE: Haikui Seafood signs land use agreement for new production facility

DGAP-News: Haikui Seafood AG / Key word(s): Contract Haikui Seafood signs land use agreement for new production facility

13.01.2014 / 08:31

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Haikui Seafood signs land use agreement for new production facility

Frankfurt am Main, January 13, 2014. The Chinese subsidiary of Haikui Seafood AG has successfully signed an agreement regarding the acquisition of land use rights with the local authorities in Dongshan, paving the way for the construction of its new production site. The acquired land is located in the Dongshan Marine Biotechnology Industrial Park, Dongshan Island, Fujian Province, and has a total size of 1,000 mu (approximately 667,000 square metres). Total land costs amount to 110.0 million Renminbi (around 13.2 million Euros), of which Haikui Seafood has paid 70 per cent (77.0 million Renminbi or 9.2 million Euros) upon signing of the land use agreement. The remaining 30 per cent (33.0 million Renminbi or 4.0 million Euros) are due by the end of June 2014.

'The construction of the new processing facility in Dongshan is an important step in our mid- to long-term strategy. With the new facility we intend to double our existing processing capacity. Through greater efficiency and higher productivity, the new factory is expected to improve our competitiveness and our margins. The new factory will also enable us to conduct the business of extracting compounds from marine processing by-products, which would also boost our overall profitability', says Chen Zhenkui, CEO of Haikui Seafood.

After the initial site preparation, the company intends to start Phase 1 of the site construction around April 2014, so that it could go into operation by the end of 2015.

The estimated total investment amount for the new seafood-processing factory is approximately 550.0 million Renminbi (approximately 66.0 million Euros). Recently, Haikui Seafood secured a long-term loan from the German development finance institution DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a subsidiary of KfW (Kreditanstalt fr Wiederaufbau), amounting to 25 million US dollar, which will contribute to the financing of the new factory. As a precondition for the granting of the loan, DEG performed an extensive audit on economic, environmental and social aspects of Haikui Seafood's operations. Apart from aligning Haikui Seafood's financing structure with its asset structure, the loan offers attractive financing costs: The annual interest rate is the applicable 6-month US dollar LIBOR plus 4 per cent - currently adding up to 4.34 per cent. The loan has a maturity of seven years. According to the loan repayment schedule, the first of ten equal semi-annual instalment repayments is due on March 15, 2016.

About Haikui Seafood AG

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PRESS RELEASE: Haikui Seafood signs land use agreement for new production facility

PRESS RELEASE: Continental AG: Continental Posts Further Growth in 2013 and Exceeds Target for Adjusted EBIT

DGAP-News: Continental AG / Key word(s): Miscellaneous Continental AG: Continental Posts Further Growth in 2013 and Exceeds Target for Adjusted EBIT

13.01.2014 / 08:33

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Continental Posts Further Growth in 2013 and Exceeds Target for Adjusted EBIT

- International Automotive supplier publishes provisional key figures for fiscal 2013

- Sales climb to around EUR33.3 billion despite substantial negative exchange rate effects

- Outlook for 2014: Sales increase of around 5% targeted

Hanover, January 13, 2014. With an adjusted EBIT margin of 11.2%, the Continental Corporation significantly exceeded its target for fiscal 2013. Sales of the international automotive supplier, tire manufacturer, and industry partner increased slightly year-on-year to approximately EUR33.3 billion in 2013.

'Our strong commitment has paid off: We were able to more than offset the economic limitations in Southern Europe and some emerging markets. Our success was achieved in spite of considerable negative exchange rate effects due to the strong euro, which amounted to over EUR700 million. The adjusted EBIT of EUR3.7 billion represents an extremely strong performance by the whole Continental team. In 2013 we therefore achieved an impressive continuation of the successful path we have been pursuing for years,' said Continental's CEO Dr. Elmar Degenhart at the announcement of the provisional key figures on Monday during the Auto Show in Detroit, U.S.A.

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PRESS RELEASE: Continental AG: Continental Posts Further Growth in 2013 and Exceeds Target for Adjusted EBIT

PRESS RELEASE: Prime Office REIT-AG: Announcement of a cash capital increase in connection with the planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG (the future 'Prime Office AG')

DGAP-News: Prime Office REIT-AG / Key word(s): Capital Increase Prime Office REIT-AG: Announcement of a cash capital increase in connection with the planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG (the future 'Prime Office AG')

13.01.2014 / 08:23

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Announcement of a cash capital increase in connection with the planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG (the future 'Prime Office AG')

- The planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG will likely become effective on 21 January 2014 after registration with the commercial register of OCM German Real Estate Holding AG

- Trading in the shares of Prime Office AG on the regulated market (Prime Standard) of the Frankfurt stock exchange is expected to start on 22 January 2014 subject to the approval of the offering prospectus by the German Financial Supervisory Authority (BaFin)

- Public offering of up to 50,228,004 new no par value shares with pre-emptive rights for the shareholders of the future Prime Office AG is planned for January/February 2014 subject to the approval of the offering prospectus by the BaFin

- Targeted gross proceeds of approximately EUR 130 million to ensure adequate capitalisation levels of Prime Office AG and to reduce leverage ('LTV') to about 58 %

- Funds advised by Oaktree will participate with at least EUR 65 million in the cash capital increase; in addition, one other investor has announced the intention to participate in the capital increase with up to EUR 20 million

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PRESS RELEASE: Prime Office REIT-AG: Announcement -2-

PRESS RELEASE: ESTAVIS AG: Shareholder Meeting of ESTAVIS AG Backs Management's Growth Course

DGAP-News: ESTAVIS AG / Key word(s): AGM/EGM ESTAVIS AG: Shareholder Meeting of ESTAVIS AG Backs Management's Growth Course

13.01.2014 / 09:43

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- Shareholders approve increase in authorised capital and fresh contingent capital - Election of new supervisory board - Bright outlook for the ongoing financial year

Berlin, 13 January 2014 - The shareholders of Estavis AG confirmed the policy of the company's senior management with a large majority at shareholder meeting on last friday. The occasion also saw the resignation of incumbent supervisory board members Dr. Karl-Josef Sthr (Chairman), Rolf Elgeti and Dr. Philipp K. Wagner from their posts as expected after a previous announcement. The shareholder meeting resolved with a large majority to appoint Alexandra Timoschenko, Andr Pernhold and Thomas Bergander to the supervisory body. Thomas Bergander will serve as next chairman of the supervisory board of Estavis AG.

Fresh Capital Authorised for Continued Expansion

Another resolution passed by the shareholder meeting concerned a share capital increase. For one thing, the shareholder approved a conditional capital increase of up to 4,136,631.00 euros through the issuance of up to 4,136,631 new no-par-value bearer shares. On the other hand, they approved an authorised capital of up to 9,116,469.00 euros for future corporate actions. 'The shareholders voted in favour of our business model, thereby clearing the way for the continued expansion of Estavis,' said Torsten Ceijka, member of the board of Estavis AG.

Bright Outlook for the Ongoing Financial Year

Following the turnaround in the 2012 / 2013 financial year, which saw Estavis turn a profit again with a consolidated income of 1.5 million euros, the management board is committed to further expansion. 'In the ongoing financial year, we are stepping up our activities in the two strategic core areas of privatisation and portfolio management. 'The successful performance of the company during the previous financial year permits us to build on a sound foundation,' announced Jacopo Mingazzini, another board member of Estavis AG.

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PRESS RELEASE: ESTAVIS AG: Shareholder Meeting of ESTAVIS AG Backs Management's Growth Course

By Tom Curry, National Affairs Writer, NBC News

The mayor whose town was apparently punished by New Jersey Gov. Chris Christies aides during last years campaign said Sunday I take him at his word that Christie had no prior knowledge of lane closings leading to the George Washington Bridge.

Fort Lee Mayor Mark Sokolich visits Meet the Press to share details of his meeting with Gov. Chris Christie regarding 'Bridgegate.'

The lane closings in Fort Lee, N.J., were an apparent effort to retaliate against Mayor Mark Sokolich, a Democrat, who had not endorsed Christie in the campaign. Sokolich met with Christie on Thursday to accept Christies apology for the incident, which created massive traffic jams in Fort Lee.

Sokolich said on NBCs Meet the Press Sunday that Christie was candid during their meeting, but added theres just a lot of stuff out there, a reference to unanswered questions about the bridge episode and other allegations that Christie is heavy-handed in his governing style.

If he didnt know, he certainly should have known that his aides had ordered the lane closings, Sokolich said. Ive always understood that the governor ran a very, very tight ship. He was in control of a lot of things and he would review everything, and he made sure that anything that his name was even remotely involved in, he was involved in.

A potential contender for the 2016 Republican presidential nomination, Christie faces the prospect of being entangled for months in investigations of the bridge episode by both the Democratic-controlled state legislature and by United States Attorney Paul Fishman in New Jersey.

On ABC's This Week, a prominent Republican, former New York City mayor Rudy Giuliani, said that Christie had handled it the best way you can possibly handle it. He's held a press conference. He's flatly denied it. If for some reason it's not true, the man has put his political career completely at risk.

He added, If it turns out that there's some evidence that he knew about it, he's taken the complete risk that his political career is over. I don't think he'd do that if there's any suggestion he knew about this.

Former Pennsylvania Sen. Rick Santorum, a contender for the Republican presidential nomination in 2012, said the e-mails revealed so far from Christie appointees had made it very clear that the personnel there were not sensitive to what seemed to be a fairly obvious wrong thing to do.

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Democratic mayor in bridge scandal says he takes Christie at his word