ZHONGDE Waste Technology AG, a Chinese maker of incineration plants for household and clinical waste, plans to raise about 75 million euros (US$101 million) in an initial public offering in Germany next month. The company will sell as many as 4.19 million shares to private and institutional investors, Hamburg-based ZhongDe said in a statement yesterday.

The offer includes three million new shares, 639,360 shares from current owners and an over-allotment option of 545,904 shares. The net proceeds will be used to expand existing production sites in China and to build a second waste-incineration plant in Beijing.