Ultrasonic
| Ultrasonic AG | |
|---|---|
| legal form | Corporation |
| ISIN | DE000A1KREX3 |
| founding | 2011 |
| Seat |
Dusseldorf , Germany
|
| management | Harald Zender (sole director) Johannes Mauser ( chairman of the supervisory board ) |
| Number of employees | 1450 (2012) |
| sales | 149 million euros (2012) |
| Branch | Shoe industry |
| Website |
|
The Ultrasonic AG is a Germany-based holding company of the Chinese shoe Herstelles Ultrasonic ( Chinese 索力 , Pinyin suǒ lì ).
The company is part of a series of IPOs by Chinese companies on the Frankfurt Stock Exchange that disappointed investors as a result of dubious business practices.
history
In December 2011 Ultrasonic AG went public on the Frankfurt Stock Exchange and the company was listed in the Prime Standard . The aim of going public was to invest the proceeds from the issue in the existing production of Ultrasonic.
In mid-September 2014, the two board members Qingyong Wu (CEO) and Minghong Wu (COO) suddenly disappeared, shortly before the company's cash and cash equivalents were transferred to accounts outside the company. A month earlier, the company had taken out a $ 60 million loan and withdrawn in full. The German Holding AG only left a six-digit euro amount of liquid funds. Both board members were then dismissed by the supervisory board.
In March 2015, the company filed for bankruptcy .
Web links
- Former website of the Chinese Ultrasonic ( Memento from May 18, 2014 in the Internet Archive )
- Article in Baidu Baike about the Chinese Ultrasonic (Chinese)
Individual evidence
- ↑ IPOs: Horror Balance of German Equity Issues. In: Capital.de. November 23, 2017. Retrieved November 7, 2019 .
- ↑ Ultrasonic AG: goes to the Frankfurt Stock Exchange in December. German Society for Ad-hoc Publicity , November 14, 2011, accessed on May 22, 2015 .
- ↑ Ultrasonic AG: Communication with the former CEO established, investigations continue. German Society for Ad-hoc Publicity , February 25, 2015, accessed on May 21, 2015 .
- ↑ Ultrasonic AG: Provisional insolvency administrator appointed. German Society for Ad-hoc Publicity , March 13, 2015, accessed on May 21, 2015 .