Brief: Phoenix Mecano Planning Partial Listing On Shanghai Stock Exchange Star Market

Phoenix Mecano AG

23/11/2020 06:04

Nov 23 (Reuters) - PHOENIX MECANO AG  PM.S :
    * PLANNING A (PARTIAL) LISTING ON SHANGHAI STOCK EXCHANGE
STAR
MARKET,
    * ON 1 JANUARY 2021, A SEPARATE BUSINESS AREA WILL BE
CREATED AND
SPUN OFF UNDER NAME DEWERTOKIN TECHNOLOGY GROUP, WITH A VIEW TO
A SUBSEQUENT LAUNCH ON WORLD'S NEWEST TECH MARKET
    * INTENDS TO USE PROCEEDS FROM LISTING TO RAISE FRESH
CAPITAL IN
ORDER TO EXPAND ITS SHARE OF FAST-GROWING MARKET FOR
ELECTRICALLY ADJUSTABLE FURNITURE.

Source text for Eikon:  ID:nEQ3mvKTLa 
Further company coverage:  PM.S 

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