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Cybersteel Inc.
376-293 City Road, Suite 600
San Francisco, CA 94102

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Conversion into a stock company
2012-08-10 09:07

Conversion into a stock company

We are excited to inform you that the individual enterprise ‘Horst Karcher’ is being converted into a new stock corporation. The conversion is taking place by spin-off to the newly formed stock corporation, which will operate under the name

Karcher AG
HRB: 715061 (Register Court Mannheim)
Tax No.: 49037/13344
VAT No.: DE 815 376 267

at the same location. The executive board will be occupied by Klaus Karcher, Armin Karcher, Kay Karcher, and Horst Karcher – Horst Karcher being the owner of the previous individual enterprise ‘Horst Karcher’. With the registration of Karcher AG in the trade register, which will take place in July, all operations are transferred into the new stock corporation. In a succeeding step to the spin-off of the individual enterprise ’Horst Karcher‘ into the ‘Karcher AG’, the companies ‘Karcher Motorrad GmbH’ and ‘Karcher Television GmbH’ will be merged with ‘Karcher AG’ in order to form one single corporation.

What does this mean for you as supplier/customer?
In the future you will only be dealing with ‘Karcher AG’. The individual enterprise ‘Horst Karcher’ will be terminated by the spin-off, as will ‘Karcher Motorrad GmbH’ and ‘Karcher Television GmbH’. Both processes (spin-off and merger) will take place under full legal succession. I. e. all previous legal relations will be taken over by the new corporation, all contractual relations will remain unchanged with the new corporation, all liabilities will be taken up by the new corporation.

We see the conversion into a stock corporation as a step towards success, expansion and internationality. This information should give you transparency about our plans. We are happy to take this step together with you into the future and appreciate your confidence and future fruitful cooperation.

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