DGAP-Adhoc
Asian Bamboo AG: DEG demands immediate repayment of the DEG-Loan; repayment claim amounts to approx. USD 16.1 million
Asian Bamboo AG / Key word(s): Miscellaneous
19.12.2014 22:34
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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Asian Bamboo: DEG demands immediate repayment of the DEG-Loan; repayment
claim amounts to approx. USD 16.1 million
Hamburg, 19. December 2014 - Asian Bamboo AG ("Asian Bamboo", " the
Gesellschaft", ISIN: DE000A0M6M79, ticker Symbol: "5AB", ADR ticker Symbol
"ASIBY") informs that today it received a letter from Deutsche
Investitions- und Entwicklungsgesellschaft mbH ("DEG") pursuant to which
DEG demands immediate repayment of the outstanding amounts under the
DEG-loan. The early repayment demand is based on non-compliance of several
provisions of the loan agreement by the Company. The amount claimed by DEG
amounts to USD 16,131,346.21. The Company has sufficient fund to pay the
amount claimed by DEG. On 30 September 2014 cash and cash equivalents
amounted to EUR 26.6 million.
For enquiries, please contact:
Asian Bamboo AG:
Peter Sjovall +852-9385 3868
Chief Financial Officer peter.sjovall@asian-bamboo.com
Anja Holst +49-(0)40 37644 798
Investor Relations Director anja.holst@asian-bamboo.com
About Asian Bamboo AG:
Asian Bamboo is a leading integrated company in the bamboo industry. The
Company currently owns long-term leasing rights for 40 bamboo plantations
with a total size of 50,338 hectares (ha). It is planning to diversify its
business into property development. As a National Key Flagship Enterprise,
Asian Bamboo is at the forefront of developing the agriculture industry in
China.
Asian Bamboo has obtained organic food accreditations in China, Japan,
Europe and the United States in addition to its HACCP and ISO9001
certifications. Its plantation management has received GLOBALGAP (Global
Good Agriculture Practices) certification from the Swiss-based company SGS.
Since 16 November 2007, Asian Bamboo has been listed on the Prime Standard
of the Frankfurt Stock Exchange under the ticker symbol "5AB". In addition,
the stock is traded as an ADR under the ticker symbol "ASIBY". The
Company's financial statements are audited by Deloitte and its registered
office is located in Hamburg, Germany.
For more information about Asian Bamboo, please visit the Asian Bamboo
website at www.asian-bamboo.com or www.asian-bamboo.de
Disclaimer:
This release is for information only and does not constitute an offer to
sell, purchase, exchange or transfer any securities or a solicitation of
claim amounts to approx. USD 16.1 million
Hamburg, 19. December 2014 - Asian Bamboo AG ("Asian Bamboo", " the
Gesellschaft", ISIN: DE000A0M6M79, ticker Symbol: "5AB", ADR ticker Symbol
"ASIBY") informs that today it received a letter from Deutsche
Investitions- und Entwicklungsgesellschaft mbH ("DEG") pursuant to which
DEG demands immediate repayment of the outstanding amounts under the
DEG-loan. The early repayment demand is based on non-compliance of several
provisions of the loan agreement by the Company. The amount claimed by DEG
amounts to USD 16,131,346.21. The Company has sufficient fund to pay the
amount claimed by DEG. On 30 September 2014 cash and cash equivalents
amounted to EUR 26.6 million.
For enquiries, please contact:
Asian Bamboo AG:
Peter Sjovall +852-9385 3868
Chief Financial Officer peter.sjovall@asian-bamboo.com
Anja Holst +49-(0)40 37644 798
Investor Relations Director anja.holst@asian-bamboo.com
About Asian Bamboo AG:
Asian Bamboo is a leading integrated company in the bamboo industry. The
Company currently owns long-term leasing rights for 40 bamboo plantations
with a total size of 50,338 hectares (ha). It is planning to diversify its
business into property development. As a National Key Flagship Enterprise,
Asian Bamboo is at the forefront of developing the agriculture industry in
China.
Asian Bamboo has obtained organic food accreditations in China, Japan,
Europe and the United States in addition to its HACCP and ISO9001
certifications. Its plantation management has received GLOBALGAP (Global
Good Agriculture Practices) certification from the Swiss-based company SGS.
Since 16 November 2007, Asian Bamboo has been listed on the Prime Standard
of the Frankfurt Stock Exchange under the ticker symbol "5AB". In addition,
the stock is traded as an ADR under the ticker symbol "ASIBY". The
Company's financial statements are audited by Deloitte and its registered
office is located in Hamburg, Germany.
For more information about Asian Bamboo, please visit the Asian Bamboo
website at www.asian-bamboo.com or www.asian-bamboo.de
Disclaimer:
This release is for information only and does not constitute an offer to
sell, purchase, exchange or transfer any securities or a solicitation of
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