According to the German “Sunday Euro” reported on the 16th, the German special machinery manufacturer KraussMaffei Group will be listed in China A shares before the end of the year. KraussMaffei is also expected to be the first German company to be listed in China.
German machinery giant KraussMaffei will be listed in China as the first European company to list in China.
It is reported that insiders of the KraussMaffei Group disclosed to the “Sunday Euro” that the company will be listed on the Shanghai Stock Exchange before the end of this year. The current listing process is still going on. The insider also follows the “Sunday Euro”. This means that KraussMaffei will not be listed on the Frankfurt Stock Exchange. However, in an interview with the KraussMaffei Group Press Office, the Group Press Office declined to comment on the news.
In 2016, KraussMaffei was acquired by China National Chemical Corporation. At the end of 2017, China Chemical and KraussMaffei themselves said that KraussMaffei will be listed on the Shanghai Stock Exchange, but it still has to be approved by relevant Chinese institutions and regulatory authorities.
“The ‘Made in Germany’ enters the Chinese stock market!” This topic has attracted the attention of many German media. The German “Focus” weekly commented that listing in China will allow KraussMaffei to create further in the magical Chinese market. increase. In 2017, the company’s revenue was 1.37 billion euros, an increase of 8% year-on-year, and is expected to grow to 1.6 billion euros in 2018. Through its initial public offering in China, KraussMaffei plans to increase its capital by 200 million euros. This will make KraussMaffei’s “China Plan” enter the 2.0 era; the German News TV reported that the day there is still no major international companies listed on the Chinese stock market, KraussMaffei Group has listed in China Important symbolic meaning. This aspect is the attraction of the Chinese market, and on the other hand is the result of the opening of the Chinese stock market. In recent years, the vigorous development of China’s market has attracted a lot of foreign capital inflows. At the beginning of last year, China announced measures to expand the use of foreign capital for opening up to the outside world, saying that it will support foreign-funded enterprises to list and finance in China. Last month, the CSRC also announced that foreigners can open an A-share market from the 15th of this month.
The Austrian “Vienna Daily” said that the overall transformation trend of China’s economy from export-oriented to domestic demand is still continuing. The income of the Chinese is rising, and the number of the middle class is also rising, which can reduce dependence on the United States. There are plenty of opportunities in the Chinese securities market.
About KraussMaffei:
KraussMaffei is one of the world’s leading suppliers of plastics and rubber production and processing equipment and systems. It currently employs approximately 4,000 people and has more than 30 subsidiaries. In 2016, China National Chemical Corporation acquired KraussMaffei from Onex Fund for 925 million euros, which was the biggest investment of China in Germany at that time.
