Decheng Technology
| Decheng Technology AG | |
|---|---|
| legal form | Corporation |
| ISIN | DE000A1YDDM9 |
| founding | June 13, 2001 |
| Seat |
Cologne , Germany ( de jure ) Quanzhou , China ( de facto )
  |
| management |
|
| Number of employees | 115 |
| sales | 82.1 million euros (2017) |
| Branch | Chemical industry |
| Website | decheng-ag.de |
| As of December 31, 2017 | |
Decheng Technology AG is a German-Chinese manufacturer of polyurethane and additives based in Cologne , with operational headquarters and production facilities in Quanzhou . The company has been insolvent since May 2019.
history
The company was founded as Golden Times Trading Co. on June 13, 2001 by Zhu Xiaofang . The main business areas are the development, manufacture and sale of polyurethane products, as well as additives for the finishing of textiles and leather. After the establishment of an intermediate holding company in Hong Kong on August 15, 2014, the company went public on June 28, 2016 in the General Standard of the Frankfurt Stock Exchange . A dividend was paid for the first time in 2017 .
After three new Supervisory Board members were appointed by the Cologne District Court in August 2018 , the entire Management Board was dismissed with immediate effect in April 2019 and Hansjoerg Plaggemars was appointed sole Management Board member of the company. On May 2, 2019, the new board announced that it had lost control of the subsidiaries . On May 13, 2019, it was revealed that there were various foreclosures and judgments from 2018 in China that had been concealed by the old management. Nobody in Germany was informed that auction dates for the land use rights, buildings and machines of the Chinese subsidiary had already taken place between March and May 2019. Since control of the operating company in China could not be regained, the bankruptcy petition was filed on May 27, 2019 . The aim should be to reorganize and recapitalize the company. The stock exchange listing is to be maintained. In June, Christoph Niering was appointed insolvency expert and announced in July 2019 that the auction proceeds in China could not cover the debt there.
Web links
Individual evidence
- ↑ a b organs. (pdf) In: decheng-ag.de. Retrieved October 10, 2019 .
- ↑ a b Annual Report 2017. (pdf) In: decheng-ag.de. Retrieved October 10, 2019 .
- ↑ Decheng Technology - P / E ratio of 2 and lots of cash. In: www.handelszeitung.ch. November 9, 2017, accessed October 10, 2019 .
- ↑ GoingPublic editorial team: IPO in focus: Decheng Technology -. In: GoingPublic.de. June 8, 2016, accessed October 10, 2019 .
- ↑ GoingPublic editorial team: Despite Brexit: Decheng Technology creates IPO -. In: GoingPublic.de. June 28, 2016, accessed October 10, 2019 .
- ↑ DECHENG Technology AG. In: www.wallstreet-online.de. June 16, 2017, accessed October 10, 2019 .
- ↑ Tarik Dede: Decheng Technology: Good numbers, dividends are crucial! Investor Magazin, April 26, 2017, accessed on October 10, 2019 .
- ^ PTA-News: Decheng Technology AG: Cologne District Court appoints new supervisory board. Retrieved October 10, 2019 .
- ^ PTA-Adhoc: Decheng Technology AG: New board. Retrieved October 10, 2019 .
- ↑ PTA News: Decheng Technology AG: Judgments against Quanzhou Decheng Tech Resin Co., Ltd., China. Retrieved October 10, 2019 .
- ^ PTA-Adhoc: Decheng Technology AG: Decheng Technology AG files for bankruptcy. Retrieved October 10, 2019 .
- ↑ PTA-News: Decheng Technology AG: Auction of the land use rights, buildings and machines of Quanzhou Decheng Tech Resin Co., Ltd., China. Retrieved October 10, 2019 .