DGAP-Adhoc: Initiation of preliminary insolvency proceedings and appointment of the preliminary insolvency administrator of Youbisheng Green Paper AG

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| Source: EQS Group AG
Youbisheng Green Paper AG  / Key word(s): Insolvency

14.08.2014 18:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Initiation of preliminary insolvency proceedings and appointment of the
preliminary insolvency administrator of Youbisheng Green Paper AG
 
Hamburg, 14 August 2014 - By way of order of 13 August 2014 the Local Court
of Cologne has appointed the lawyer Dr Christoph Niering as the preliminary
insolvency administrator of the assets of Youbisheng Green Paper AG (ISIN:
DE000A1KRLRO), established in Cologne, and imposed a general prohibition
of transfers (Section 21 Subsection 2 No. 2 1st alternative German
insolvency act (InsO)) to secure future insolvency assets. In coordination
with the Supervisory Board, the preliminary insolvency administrator is
going to gain an overview of the situation, secure the assets and, as far
as possible, initiate a structured liquidation process.


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Information and Explaination of the Issuer to this News:

For further information please contact:


Youbisheng Green Paper AG
c/o HRG Hansische Revisions-Gesellschaft mbH 
Wirtschaftsprüfungsgesellschaft
Ferdinandstrasse 25
20095 Hamburg
contact@youbisheng-greenpaper.de



Disclaimer concerning prognoses

This communication contains forward-looking statements Forward-looking
statements are statements that are not historical facts instead they
reflect the current views and expectations of Youbisheng Green Paper AG and
the assumptions underlying them about future events. Forward-looking
statements are subject to many risks and uncertainties. If any of such
risks and uncertainties materialize or if the assumptions underlying any of
the forward-looking statements of Youbisheng Green Paper AG are proving to
be incorrect, the actual results of Youbisheng Green Paper AG may be
materially different from those expressed or implied by such
forward-looking statements. Youbisheng Green Paper AG does not intend or
assume any obligation to update these forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made.

14.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Youbisheng Green Paper AG
              c/o HRG Hansische Revisions-Gesellschaft, Ferdinandstraße 25
              20059 Hamburg
              Germany
Phone:        +49 (0)40 60 91 86 0
Fax:          +49 (0)40 60 91 86 60
E-mail:       ir@youbisheng-greenpaper.de
Internet:     www.youbisheng-greenpaper.de
ISIN:         DE000A1KRLR0
WKN:          A1KRLR
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf
 
End of Announcement                             DGAP News-Service
 
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