Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Masterwork Group Co Ltd    300195   CNE1000011L4

MASTERWORK GROUP CO LTD

(300195)
  Report  
No quotes available
-- CNY   --.--%
01/23MASTERWORK : Heidelberger Druck says China's Masterwork to acquire 8.5 percent stake
RE
SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector news
The feature you requested does not exist. However, we suggest the following feature:

China's Masterwork to become largest Heidelberg shareholder

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/28/2019 | 07:45am EDT

TIANJINChina's Masterwork Group has announced it intends to obtain an 8.46 percent stake of Heidelberger Druckmaschinen AG (Heidelberg) by way of cash subscription.

Masterwork is China's largest manufacturer of die-cutters and hot-foil embossing machines

The proposed investment, subject to approval by Heidelberg's supervisory board, will make a wholly-owned subsidiary of Masterwork the largest shareholder of the German precision mechanical engineering company, according to Masterwork.

With the issue price of the new shares set to be 2.68 Euros (US$3.06), the total investment will be worth about 68.99 million Euros (US$78 million).

"We believe that the strategic investment will enhance our partnership and make contributions to the development of high-end equipment manufacturing in China as well as the world," said Li Li, president of Masterwork.

The two sides have also signed a strategic cooperation agreement, aiming to accelerate their digital push in the packaging printing industry, according to Masterwork.

"We are delighted that in Masterwork we are obtaining another long-term investor that firmly believes in the company's innovative prowess, strategy, and potential for the future," Heidelberg CEO Rainer Hundsdorfer said.

Based in the Chinese city of Tianjin, Masterwork is China's largest manufacturer of die-cutters and hot-foil embossing machines.

Established in 1850, Heidelberg is a world-leading manufacturer of offset printing equipment.

(c) 2019 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
HEIDELBERGER DRUCKMASCHINEN AG -0.59% 1.18 Delayed Quote.-25.83%
MASTERWORK GROUP CO LTD End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MASTERWORK GROUP CO LTD
01/28China's Masterwork to become largest Heidelberg shareholder
AQ
01/23MASTERWORK : Heidelberger Druck says China's Masterwork to acquire 8.5 percent s..
RE
More news
Financials (CNY)
Sales 2017 -
EBIT 2017 -
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 17,1x
P/E ratio 2018 -
Capi. / Sales2017 -
Capi. / Sales2018 -
Capitalization 3 396 M
Chart MASTERWORK GROUP CO LTD
Duration : Period :
Masterwork Group Co Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 8,02  CNY
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Li Li Chairman & President
Jo Kyu Chairman-Supervisory Board
Hui Zhu Director
Li Yu Independent Director
Lian Cheng Cai Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
MASTERWORK GROUP CO LTD479
ATLAS COPCO48.08%37 971
ROPER TECHNOLOGIES33.77%37 402
FANUC CORP27.19%36 398
INGERSOLL-RAND35.84%29 939
FORTIVE CORPORATION1.67%23 383