Youbisheng (YB1 GR)

Youbisheng Green Paper AG manufactures and sells linerboards for use in consumer packaging industry in the People’s Republic of China. It 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.
The company was founded in 2000 and is based in Hamburg, Germany.

As of August 13, 2014, Youbisheng Green Paper AG is in Liquidation. The chief executive officer of Youbisheng Green Paper, a company traded publicly on the Frankfurt Stock Exchange, disappeared without a trace in July 2014, while the financial chief officer was forced out and the company declared bankruptcy. Little information can be found regarding this case as the company is based out of Hamberg.

Handelsblatt Global: Chinese IPO Luster Fades in Frankfurt, 28 Oct 2014

South China Morning Post: Disappearance of Ultrasonic chiefs taints China firms listed in German, 18 Sep 2014

Bloomberg: Company Overview of Youbisheng Green Paper AG, 19 Aug 2018

Youbisheng: Annual Report, 30 Apr 2012 (In German)

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