Adhoc announ­ce­ment: Wolf­tank-Adisa Holding AG announ­ces update on China

Wolf­tank-Adisa Holding AG, based in Inns­bruck, which through its sub­si­dia­ry Wolf­tank Adisa Shang­hai Envi­ron­men­tal Tech­no­lo­gy Ltd. is also active in China in the field of envi­ron­men­tal pro­tec­tion and tank refur­bish­ment, on the current situa­ti­on of the company in China:

The WHO has decla­red a ‘health emer­gen­cy of inter­na­tio­nal impor­t­ance’ this morning due to the coro­na­vi­rus epi­de­mic. In respon­se and in con­sul­ta­ti­on with all sta­ke­hol­ders invol­ved in our China busi­ness, it was decided to extend the current company holiday of employees in China on the occa­si­on of the Chinese New Year (Spring Fes­ti­val) until Febru­a­ry 10th. Alt­hough this has had little nega­ti­ve impact on busi­ness success so far, the manage­ment nevertheless points out, that if there are further delays in current and upco­m­ing pro­jects in 2020, there will be signi­fi­cant reduc­tions in Reve­nues, Ebitda and pre-tax profit.

“However, we are con­fi­dent that if the situa­ti­on is nor­ma­li­sed in the first quarter, this effect will be com­pen­sa­ted by already planned capa­ci­ty expan­si­on mea­su­res in the second half of 2020,” says Dr. Peter Werth, CEO of the Wolf­tank Group after in-depth ana­ly­sis of the situa­ti­on with the manage­ment of the Chinese subsidiary.

About Wolf­tank-Adisa Holding AG:

Wolf­tank-Adisa Holding AG is the parent cor­po­ra­ti­on of an inter­na­tio­nal group of com­pa­nies focu­sing on envi­ron­men­tal pro­tec­tion ser­vices for con­ta­mi­na­ted soils and faci­li­ties, reme­dia­ti­on and moni­to­ring of (large-scale) tank farms, as well as  full-service engi­nee­ring ser­vices for LNG- and petrol sta­ti­ons. The company is active world­wi­de and uses various paten­ted app­li­ca­ti­on tech­no­lo­gies with the aid of high-tech epoxy resins deve­lo­ped in-house.

Wolf­tank-Adisa Holding AG (ISIN: AT0000A25NJ6; WKN: A2PBHR) is trading on the Munich Stock Exchan­ge and is also listed on the Vienna Stock Exchan­ge in the  direct market plus segment.

 

Here you find this adhoc announ­ce­ment as a download:

 

Note: All requi­re­ments of the Aus­tri­an Stock Exchan­ge Act regar­ding the requi­re­ment of a formal admis­si­on of finan­cial instru­ments for trading and issuer obli­ga­ti­ons on a regu­la­ted market for finan­cial instru­ments traded on the Third Market do not apply, but in par­ti­cu­lar the requi­re­ments set out in Art. 17 (Publi­ca­ti­on of Insi­ders, Con­tract par­ti­ci­pa­ti­on “direct market plus” | Decem­ber 2018), Art. 18 (Insider Lists) and Art. 19 (Direc­tors dealing) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the obli­ga­ti­ons laid down in the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act and the pro­hi­bi­ti­ons of Art. 14 (Insider Trading) and Art. 15 (Market Mani­pu­la­ti­on) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act do apply.

About Wolftank Group

Wolftank-Adisa Holding AG is the parent company of an international group of companies focusing on the turnkey construction of modular hydrogen and LNG refuelling facilities, environmental protection services for polluted soils, facilities and waters, refurbishment and monitoring of (large) tank facilities as well as full-service engineering services for fuel supply facilities. The company is active worldwide and has various patented application technologies.

Note: All requirements of the Austrian Stock Exchange Act regarding the requirement of a formal admission of financial instruments for trading and issuer obligations on a regulated market for financial instruments traded on the Third Market do not apply, but in particular the requirements set out in Art. 17 (Publication of Insiders, Contract participation “direct market plus” | December 2018), Art. 18 (Insider Lists) and Art. 19 (Directors dealing) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the obligations laid down in the respective national legal rules pursuant to the Stock Exchange Act and the prohibitions of Art. 14 (Insider Trading) and Art. 15 (Market Manipulation) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the respective national legal rules pursuant to the Stock Exchange Act do apply.

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