checkAd

    DGAP-Adhoc  891  0 Kommentare 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.

    ---------------------------------------------------------------------------

    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
    Seite 1 von 2



    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    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. …