Altech Advanced Materials

from Wikipedia, the free encyclopedia
Altech Advanced Materials AG
legal form Corporation
ISIN DE000A2BPG14
founding April 14, 2011
Seat Heidelberg , GermanyGermanyGermany 
management
Number of employees 2
sales 0.1 million euros (short fiscal year 2018)
Branch Holding company
Website www.altechadvancedmaterials.com
As of December 31, 2018

The Altech Advanced Materials AG (formerly: Youbisheng Green Paper AG ) is a German investment company based in Heidelberg . The company's core business is the management of companies and the administration of investments in companies.

history

The company was founded as Youbisheng Green Paper in 2000 and produced paperboard for the production of paperboard for the Chinese market. In 2010, Youbisheng produced around 150,000 tons of paperboard in Guangdong and Fujian provinces . On April 14, 2011, the company was re-established as a German stock corporation and on July 13, 2011 it went public in the Prime Standard of the Frankfurt Stock Exchange .

In January 2017 was from the District Court of Cologne , a Bankruptcy and Christoph Niering appointed liquidator. According to the legally binding insolvency plan, the Cologne District Court lifted the insolvency proceedings in February 2018. As a result, the company was repositioned as an investment company on February 23, 2018. As a condition from the insolvency proceedings, the assets held were auctioned until May 2019.

In July 2019 it was announced that the Australian company Altech Chemicals will take over 29% of the share capital of Youbisheng. In August 2019 the company was renamed Altech Advanced Materials AG . Altech Advanced Materials acquired the option to acquire a 49% interest in an aluminum project in Malaysia for $ 100 million . The money is to be raised through a capital increase . The company's share is listed in the General Standard and included in the CDAX .

Criticism of the business model and share price development

In November 2017, the German business magazine Capital criticized the business model of Chinese companies that went public through a holding company in Germany. The “ scandal record of the China crackers ” is the fact that in the ten-year period since 2007, 17 of a total of 20 IPOs in Frankfurt have resulted in “ quasi total losses ”. Chinese companies in Germany raised EUR 330 million in equity, and investors made losses of 98% on average. The business magazine put it into perspective: “ At the paper manufacturer Youbisheng, the boss disappeared without a trace, but at least left the company treasury. "

Web links

Individual evidence

  1. ↑ certificate of registration of Altech Advanced Materials AG of Heidelberg (HRB 731927). In: www.online-handelsregister.de. Retrieved October 21, 2019 .
  2. ^ Altech Advanced Materials AG, Heidelberg. In: www.northdata.de. Retrieved October 21, 2019 .
  3. ↑ Altech Advanced Materials AG, Heidelberg - company information. In: www.firmenwissen.de. Retrieved October 21, 2019 .
  4. ↑ Board of Directors | Altech Advanced Materials AG. In: www.altechadvancedmaterials.com. Retrieved October 21, 2019 .
  5. ↑ Supervisory Board | Altech Advanced Materials AG. In: www.altechadvancedmaterials.com. Retrieved October 21, 2019 .
  6. ↑ a b c Annual Report 2018. (pdf) In: www.altechadvancedmaterials.com. Retrieved October 21, 2019 .
  7. ↑ Eighth Chinese IPO in the Prime Standard: Youbisheng Green Paper AG. In: www.innovations-report.de. Retrieved October 21, 2019 .
  8. ↑ Opening of bankruptcy and probable insolvency plan proceedings. In: www.wallstreet-online.de. January 4, 2017, accessed October 21, 2019 .
  9. ↑ Insolvency plan now legally binding - insolvency proceedings canceled. In: www.wallstreet-online.de. February 28, 2018, accessed October 21, 2019 .
  10. ↑ PTA-News: Youbisheng Green Paper AG: Insolvency plan processed - No risks from the past - Concentration on the future as an investment company. In: www.finanznachrichten.de. Retrieved October 21, 2019 .
  11. ↑ Altech Chemicals expands to Germany. In: www.wallstreet-online.de. July 22, 2019, accessed October 21, 2019 .
  12. ↑ Altech Advanced Materials AG - Name · Object of the company · Articles of association. Retrieved October 21, 2019 .
  13. ↑ Altech Chemicals starts activities in Germany. In: rohstoffbrief.com. Retrieved October 21, 2019 .
  14. ↑ share information: Altech Advanced Materials AG. In: www.boerse-frankfurt.de. Retrieved October 21, 2019 .
  15. ↑ a b IPOs: Horror balance of German share issues. In: Capital.de. November 23, 2017. Retrieved November 7, 2019 .