Last €0.74 EUR
Change Today -0.061 / -7.62%
Volume 4.4K
As of 1:22 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

youbisheng green paper ag (YB1) Snapshot

Open
€0.75
Previous Close
€0.80
Day High
€0.77
Day Low
€0.60
52 Week High
10/14/13 - €5.20
52 Week Low
08/15/14 - €0.20
Market Cap
7.6M
Average Volume 10 Days
20.6K
EPS TTM
€1.68
Shares Outstanding
10.2M
EX-Date
--
P/E TM
0.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for YOUBISHENG GREEN PAPER AG (YB1)

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youbisheng green paper ag (YB1) Details

Youbisheng Green Paper AG manufactures and sells linerboards for use in consumer packaging industry in the People’s Republic of China. The company offers single-sided testliners, double-sided testliners, and anti counterfeit linerboards. Its linerboards are used for the production of corrugated board and boxes, paper bags, and apparel labels and tags. The company provides its products to cardboard manufacturers, and printing and packaging companies that produce consumer goods, such as shoes, apparel, electronic products, and toys under the Guige brand name primarily in Fujian and Guangdong provinces. Youbisheng Green Paper AG was founded in 2000 and is based in Hamburg, Germany.

303 Employees
Last Reported Date: 05/28/14
Founded in 2000

youbisheng green paper ag (YB1) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

youbisheng green paper ag (YB1) Key Developments

Youbisheng Green Paper Ag Announces Resignation of Haibo Huang as CEO

Haibo Huang, who had been appointed new Chief Executive Officer of Youbisheng Green Paper AG last week, informed the Supervisory Board about his immediate resignation. After the experiences of the past days he does not feel to be in a position to meet the requirements of the Supervisory Board in the present state. Hence, the actual financial and cash situation of the operative Chinese company remains unclear. Against this background and in the light of the insufficient liquidity of the German holding company as well as the leadership vacuum associated with the resignation of Haibo Huang, the Supervisory Board sees itself forced to file for insolvency within the next days in order to protect creditors and shareholders.

Youbisheng Green Paper AG Names Haibo Huang as New Chief Executive Officer

Youbisheng Green Paper AG announced that due to the continuing unknown whereabouts of the current chief executive officer Haiming Huang, he was relieved of all of his duties with immediate effect by supervisory board decision. At the same time, the supervisory board appointed his brother, Haibo Huang, as new chief executive officer who, together with local entrepreneur Lam Nan Lung, already ran the daily business of Youbisheng Green Paper AG within the last weeks. As new CEO, Haibo Huang will be in charge of the operating day-to-day business while Lam Nan Lung will be particularly responsible for the future strategic direction of the company.

Youbisheng Green Paper AG Announces Management Changes

Youbisheng Green Paper AG announced that for several weeks there has been an unexplained absence of the chairman of the management board and CEO of the company, Mr. Haiming Huang. The supervisory board was informed about the absence of the CEO on June 20, 2014. Also, Mr. David Tsui, member of the Management Board and CFO, was not allowed to access the company premises in China by the company operating staff for reviewing the company's accounts. Until present, the supervisory board and David Tsui have not received any updated information on the whereabouts of Mr. Huang as well as on the financial and liquidity situation of the Chinese subsidiaries despite intense investigations. As a result, David Tsui has resigned from his position as member of the management board in mutual agreement with the supervisory board effective as of July 25, 2014. Due to these circumstances the supervisory board of the company has decided at July 4's meeting to look for and appoint a new member of the management board in order to intensify investigations about the whereabouts of Mr. Huang and to secure the observance of operational and legal duties of the company. The management board and the Supervisory Board will inform the investors immediately when new progress can be reported.

 

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Price/Sales 0.1x
Price/Book 0.1x
Price/Cash Flow 0.4x
TEV/Sales NM Not Meaningful
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