4 Month Plan6 Jan 2015 14:40
The Board intends to restructure perform self-administered and has this with the redevelopment those skilled lawyer Jörg Spies, Spies pkl restructuring - reinforced legal advice, Dresden as additional managing director - insolvency administration. The redevelopment plan to restructure the company through a bankruptcy plan in both a financial and on an extensive business aspects and to create the conditions for the participation of an investor. For provisional Walter became a lawyer Hanns Pöllmann, firm PÖLLMANN, Munich, ordered.
The Hightex is internationally recognized in the field of constructive architectural membrane construction especially in the field stadium roofs active. Hightex has, among other things, the membrane roofs / facades and partly the cable structures for stadiums Maracana (Rio de Janeiro) and Beira Rio (Porto Alegre) for the 2014 World Cup in Brazil, for the Green Point Stadium (Cape Town) and City Soccer Stadium ( Johannesburg) for the 2010 World Cup in South Africa as well as the Olympic Stadium Kiev and the National Stadium Warsaw realized for the 2012 European Football Championship.
The main cause of the crisis situation, the impact of embezzlement of funds in the amount of € 3.3 million in connection with the construction of two stadiums for the World Cup in Brazil and the resulting liquidity problems.
The insolvency plan will aim to complete self-administered over a period of four months of the request, the creditor will be better off economically in comparison to regular insolvency.
The Hightex GmbH, Bernau, Germany, a subsidiary of Hightex Group plc., Is a system supplier for textile architecture as well as cable structures. The membranes used in sports stadiums and arenas, airport terminals, train stations and shopping centers are used to implement lightweight, weather resistant roof and wall constructions. Hightex uses environmentally friendly materials and focuses on innovative technologies and coatings that help to increase the energy efficiency of buildings. Hightex is one of the world's leading companies planning these structures, manufacture and install internationally. Hightex has, inter alia, the roofs of the stadium in Brazil iconic Maracana in Rio de Janeiro and the Beira-Rio stadium in Porto Alegre, both venues of games of the World Cup 2014 in Brazil, the roof of the Olympic Stadium in Kiev, the venue for the EURO 2012- Final, the world's first movable membrane cushion roof in BC Place Stadium, Vancouver, the facade of the Green Point stadium in Cape Town, the roof of the Soccer City Stadium in Johannesburg for the 2010 FIFA World Cup, the movable roof of the Wimbledon Centre Court, the facade the Burj Al Arab in Dubai Hotels realized and the roof of the Suvarnabhumi International Airport in Bangkok.