Scholz Holding GmbH
Scholz Holding GmbH: Chiho Environmental Group Limited increased equity capital of Scholz Recycling GmbH
DGAP-News: Scholz Holding GmbH / Key word(s): Bond
Essingen, 29 June 2017 Chiho Environmental Group Limited increased equity capital of Scholz Recycling GmbH – EUR 80m cash capital increase at Scholz Recycling GmbH – Use of proceeds: repayment of a EUR 59m senior bridge loan and meet working capital requirements – Scholz getting back on track to fully deploy its operational capabilities
“The capital increase is another significant step to stabilize Scholz and considerably reducing its leverage. It demonstrates CEG’s continued strong support to the Group”, said Henry Qin, CEO of Scholz Recycling GmbH. “After a year of successful operative and financial restructuring, Scholz is getting back on track. Going forward the Group will be able to fully deploy its operational capabilities and maximize its trade financing in order to regain volume and grow the business. This is the foundation of a stable future of our business.” Scholz now has the opportunity to continue on its growth path on the basis of a self-standing financial stability backed by the commitment of its long-term strategic owner CEG. About Scholz For further information please contact:
29.06.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Scholz Holding GmbH |
Betchworth House, 57-65 Station Road | |
RH1 1DL Redhill, Surrey | |
United Kingdom | |
Phone: | 0044 20 7959 2291 |
E-mail: | infoscholz@scholz-group.com |
Internet: | www.scholz-group.com |
ISIN: | AT0000A0U9J2 |
WKN: | A1MLSS |
Listed: | Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt; Wien (Geregelter Freiverkehr / Second Regulated Market) |
End of News | DGAP News Service |