DGAP-Adhoc: MAX Automation SE: Supervisory Board decides to terminate investment agreement with joint venture partner Roger Liujie in China

2019. szeptember 19., csütörtök, 17:53





DGAP-Ad-hoc: MAX Automation SE / Key word(s): Strategic Company Decision


MAX Automation SE: Supervisory Board decides to terminate investment agreement with joint venture partner Roger Liujie in China


19-Sep-2019 / 17:53 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


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AD HOC RELEASE (PURSUANT TO SECTION 17 GERMAN SECURITIES TRADING ACT (WPHG))



MAX Automation SE: Supervisory Board decides to terminate investment agreement with joint venture partner Roger Liujie in China



Dusseldorf, 19 September 2019 - The Supervisory Board of MAX Automation SE has decided to terminate the investment agreement with joint venture partner Roger Liujie in China. Furthermore, the Supervisory Board is considering to take legal action against Roger Liujie up to the extent of a complete reversal of the transaction based on the investment agreement dated February 2018. As a result, the acquisition of the majority stake in the Chinese engineering company Shanghai Cisens Automation Co, Ltd. would be retransferred. In February 2018, the business operations of Shanghai Cisens Automation Co., Ltd. were transferred in the form of an asset deal to a new company, MAX Automation (Shanghai) Co., Ltd., in which the MAX Group holds 51% and the founder and CEO Roger Li Liujie holds 49% of the shares.



Contact:

Katja Redweik

Head of Corporate Development/IR

MAX Automation SE

Tel.: +49 - 211 - 9099 144
katja.redweik@maxautomation.com
www.maxautomation.com

Contact for media representatives:















Susan Hoffmeister   Marco Cabras
CROSS ALLIANCE communication GmbH   newskontor - Agentur für Kommunikation
Tel.: +49 - 89 - 125 09 03 30   Tel.: +49 - 211 - 863 949 22
sh@crossalliance.de   marco.cabras@newskontor.de








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Language: English
Company: MAX Automation SE

Breite Straße 29-31

40213 Düsseldorf

Germany
Phone: +49 (0)211 90991-0
Fax: +49 (0)211 90991-11
E-mail: Investor.Relation@maxautomation.com
Internet: www.maxautomation.com
ISIN: DE000A2DA588
WKN: A2DA58
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 876845





 
End of Announcement DGAP News Service




876845  19-Sep-2019 CET/CEST







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