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SiC Processing GmbH: Local Court admits application for the opening of plan proceedings in debtor-in-possession
DGAP-News: SiC Processing GmbH / Key word(s): Insolvency
SiC Processing GmbH: Local Court admits application for the opening of
plan proceedings in debtor-in-possession
01.03.2013 / 12:30
Quasi-ad hoc-Announcement
of
SiC Processing GmbH,
Hirschau
(ISIN DE000A1H3HQ1)
Local Court admits application for the opening of plan proceedings in
debtor-in-possession
Hirschau, 1 March 2013 - Today, the local court in Amberg has, upon
application by SiC Processing GmbH, ordered the opening of plan proceedings
in debtor-in-possession. The court has appointed Dr Hubert Ampferl,
partner of Nuremberg-based law firm Dr Beck & Partner, as supervisor, who
already fulfilled the role as preliminary supervisor up to now.
The next step in the restructuring process of SiC Processing GmbH is the
filing of a restructuring plan by the company´s managing director to the
court at the latest until 19 March 2013.
The court has asked all creditors to file their claims twofold in written
form until 24 March 2013 to the supervisor, Dr Hubert Ampferl, under the
following address:
Dr Beck & Partner GbR
Dr Hubert Ampferl
Eichendorffstr. 1
90491 Nürnberg
In addition, the court has scheduled the creditors´ assembly for
consideration and assessment (Erörterungs- und Abstimmungstermin) - in
course of which the creditors will vote on the restructuring plan - for 17
April 2013, 10 a.m. at the following address:
Amtsgericht Amberg
Courtroom I, 1st Floor
Paulanerplatz 4, 92224 Amberg
(access via premises at Baustadelgasse 1)
Register on our Website under
http://www.sic-processing.com/index.php/Newsletter.html
to receive the latest announcement of SiC Processing Group automatically
About SiC Processing GmbH:
SiC Processing GmbH is the leader for recycling of slurry from water sawing
processes of PV and semiconductor industries. The SiC Processing group has
established itself in a timeframe of only eleven years as global leader for
the recycling of slurry. The production sites are located in Germany, China
and the US. In Italy, SiC Processing runs a sales agency, while the site in
Norway was shut down mid of 2012 following bankruptcy of the Norwegian
customer. To date, the group employs 619 employees. Beside the majority
shareholder Nordic Capital Fund VII, the founder family has a shareholding
of 25 per cent in the Company. You can find more information at
www.sic-processing.com.
Press Contact:
Markus Kreuzer
Head of Marketing and Communications
Telephone: 0049 (0) 9622 - 70 39 273
E-Mail: markus.kreuzer@sic-processing.de
N.B. The text in English is a courtesy translation from German only. In the
event of any discrepancies between the two, the German original text shall
prevail.
End of financial news
01.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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202791 01.03.2013
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