WIR DENKEN GLOBAL - TAKING A GLOBAL APPROACH

Please find press releases for download here

26/03/2013_Notification of insufficiency of insolvency estate pursuant to sections 285, 208 German Insolvency Code

05/03/2013_Notice of termination of the admission of the bearer bonds of SiC Processing GmbH (ISIN: DE000A1H3HQ1, WKN: A1H3HQ) to the "Bondm" trading segment with effect as of 12 p.m. 16 April 2013

01/03/2013_Local Court admits application for the opening of plan proceedings in debtor-in-possession

18/02/2013_Process for calling a vote without meeting regarding the appointment of a joint representative initiated

25/01/2013_SiC Processing GmbH holds extraordinary shareholders' meeting and elaborates on restructuring concept

17/01/2013_Extraordinary shareholders' meeting on loss of half of the company's equity

14/01/2013_Preliminary assessment of expected recovery for creditors

20/12/2012_Press Release_Local court admits application for protective shield proceesings of SiC Processing GmbH

20/12/2012_Local court admits application for protective shield proceesings of SiC Processing GmbH

19/12/2012_Creditreform gives SiC Processing GmbH a rating of D

18/12/2012_SiC Processing applies for protective shield at the local court of Amberg

10/12/2012_Insolvency filing of Norwegian subsidiary SiC Processing AS

23/11/2012_Changes in the executive management (Geschäftsführung) of SiC Processing GmbH

06/11/2012_Creditreform gives SiC Processing GmbH a rating of C (watch)

05/11/2012_Deferral of payments agreed with major creditors to avoid pending liquidity shortfall

22/08/2012_Creditreform Rating AG updates SiC Processing GmbH with grade B- (watch) by August 2012

16/08/2012_SiC Processing with revenue decline in the first half of 2012 compared to the previous year; Norwegian customer REC Wafer Norway AS files for bankruptcy; continued shift of group revenues toward Asia.

27/04/2012_SiC Processing shuts down its production site in HerØya/Norway

 

05/04/2012_SiC Processing commissions production lines in China

22/12/2011_SiC Processing ensures further expansion of its capacities in China

09/12/2011_SiC Processing reacts on Market Development

17/06/2011_Commissioning of new Production Lines in Baoding

15/06/2011 New CSO/CMO at SiC Processing

25/05/2011 Announcement of Financial Results 2010

20/05/2011 Investment Agreement

28/02/2011 Successful Contract Negotiations

21/06/2010 Nordic Capital Fund VII

15/03/2010 Investing in losil Energy Corporation, USA

 

SiC NEWS

2016-02-29:

Regarding the tradability of the SiC Processing bond 7.125% (WKN: A1H3HQ / ISIN: DE000A1H3HQ1)

By request of the insolvency administrator of the assets of SiC Processing GmbH and in the interest of the bond holders, the stock exchange operator informed the specialist who ensures the trade at the Frankfurt Stock Exchange that in his opinion there are no objections to extending the tradability of the SiC Processing bond 7.125% (WKN: A1H3HQ / ISIN: DE000A1H3HQ1) at the Frankfurt Stock Exchange beyond its final maturity on the 01 March 2016.

+++

2013-03-26:

Notification of insufficiency of insolvency estate pursuant to sections 285, 208 German Insolvency Code

Hirschau, 26 March 2013 – Today, the supervisor of SiC Processing GmbH, Dr Hubert Ampferl, has notified the local court of Amberg pursuant to sections 285, 208 of the German Insolvency Code that the insolvency estate is currently insufficient to cover the costs of the insolvency proceedings and the other liabilities of the estate which are due and payable. As a consequence, the company has – for the time being - not to satisfy the liabilities of the estate which came into existence up to now. This step enables the company, to fulfil its contractual obligations arising from service, supply, employment and other contracts and to satisfy new liabilities of the estate resulting from such contracts.