MAX Automation SE: Supervisory Board decides to terminate investment agreement with joint venture partner Roger Liujie in China
September 19, 2019 at 11:55 am EDT
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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.
The issuer is solely responsible for the content of this announcement.
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
19-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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
Max Automation SE is a Germany-based developer and producer of industrial automation and environmental technology solutions. In the Industrial Automation segment, it serves, among others, the medical technology, electronics and packaging industries. It manufactures and provides tailored assembly systems, optoelectronic modules, micro-optical components, handling and conveying systems for metals, dosing systems and control systems for automation processes. In the Environmental Technology segment, the Company offers solutions for international recycling management, including systems to recycle primary and secondary raw materials from waste. It also provides consulting, design, assembly, commissioning and maintenance services.
MAX AUTOMATION SE 
