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Manz AG Executes Key Capital Increase to Fund Efficiency Program

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Manz AG, a global leader in high-tech equipment manufacturing, has executed a significant capital increase. This move aims to finance its efficiency program through the issuance of new shares, raising gross proceeds of 9.9 million EUR. The capital increase involved 1,708,514 new shares, subscribed by Mr. Eng Kee Tan, Greatech Technology Berhad's founder, at a placement price of 5.80 EUR per share.

This latest action increases Manz AG's share capital from 8,542,574 EUR to 10,251,088 EUR. As a result, Mr. Tan now holds a 16.7% stake in the company. Dr. Ulrich Brahms, Manz AG's CEO, highlighted that the funds reinforce liquidity and contribute to the company's strategic goals.

The partnership with Mr. Tan is deemed beneficial, leveraging his industry knowledge to potentially spark further technological innovation within Manz AG. Greatech Technology Berhad, known for its automation solutions, brings extensive industry experience to the table.

R. E.

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