Disclosure of inside information pursuant to Article 17 of MAR
China National Building Materials Acquires a Minority Interest in SINGULUS TECHNOLOGIES
Kahl am Main, 02 January 2018 - China National Building Materials, Beijing (CNBM), has informed SINGULUS TECHNOLOGIES AG that it has acquired a minority interest of around 1.5 million shares (around 16.8%) of the current 8.9 million issued shares from external shareholders. It is reported that the corresponding legally binding purchase agreements have been signed. A transfer of ownership of the shares to CNBM (closing) is to take place in the near future, once certain conditions precedent have been fulfilled. For example, the acquisition of the shares remains to be approved by Chinese government agencies and the relevant competition authorities.
It is expected that the approvals will be granted over the coming months.
Contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
63796 Kahl am Main, Germany,
Maren Schuster, Investor Relations, Tel.: + 49 (0)160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0)170 9202924
02-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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