Capital News

Höft & Wessel: additional capital for mobility

Höft & Wessel AG, the ticketing and terminal systems producer for commerce and logistics and the transport of people, has authorized Special Technology Holding GmbH, a subsidiary company of Droege International Group, to underwrite some 850,000 new shares, excluding all other shareholders’ rights to subscribe. In so doing, Höft&Wessel intends to fuel its international strategy and broaden its market base by means of new technology and R&D. Furthermore, the company has decided to keep its listing in Prime Standard and not move to General Standard. Internal sources give the turnover generated by this small-mid size company and its 400 employees as approximately 80 million Euros. Its British subsidiary, Metric, is one of the world’s biggest suppliers of parking meters.

Tintbright: stoffa in borsa

Tintbright AG was the first company to float in 2014 and it is now listed in the Frankfurt Prime Standards. The German holding company of a Chinese producer that has been on the market for twenty years took to the bourse without a public offer. The free-float shares amount to some 26 percent

Company sources give the total turnover for 2012 as close to 123 million Euros and earnings after tax approximately 19 million Euros. Tintbright employs more than 1100 staff in working and enhancing fabrics and textiles. Company strategy is the pursuit of one-stop processing, a common approach among Chinese fabric companies, and a further expansion of its value added production capacity. Management states that the flotation is intended to heighten visibility and enhance reputation.