KraussMaffei listed in Shanghai, eyes 20% growth in China

Munich, Germany – German machinery company KraussMaffei Group has been listed on the Shanghai Stock Exchange, through an asset-injection process completed last December.

In a statement on 15 Jan, KraussMaffei said the listing took place through the transfer of ChemChina’s stake in KraussMaffei to ChemChina’s majority owned subsidiary THY (Qingdao Tianhua Institute of Chemistry Engineering).

As THY is listed on the Shanghai Stock Exchange, the process was not a conventional IPO and was accomplished through a so-called “asset injection”, a company spokesman explained to Plastics News Europe, an ERJ

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with