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05.06.2013 | 21:42

Pacific Retail Merchants AG Completes IPO

- Gross proceeds amounting to €400,000

Munich, 5 June, 2013 -- Pacific Retail Merchants AG (ISIN: DE000A1PHEF0), the holding company of The PRM Group, a leading retailer of traditional dried seafood delicacies and Chinese herbal medicine and health supplements in Hong Kong, has completed its IPO. The Company has applied for listing on the General Standard of the Frankfurt Stock Exchange.

The subscription period closed according to plan on 5 June. A total of 200,000 ordinary bearer shares with no-par value generated from a capital increase were placed at an offer price of €2.00 with private investors within Germany and abroad. The gross issue proceeds for the company amounted to €400,000 and the free float amounts to 58%. Pacific Retail Merchants AG plans to use the funds from the IPO to further expand its profitable growth.

Commenting on the news, Ronny Yeung, Chief Executive Officer of Pacific Retail Merchants stated, "I am pleased to announce the successful completion of our IPO. Pacific Retail Merchants has achieved considerable growth within Hong Kong and the proceeds from this offering will be allocated toward our continued expansion within the Asian markets."

About Pacific Retail Merchants AG

Pacific Retail Merchants AG is the holding company of the PRM Group, which sells a variety of traditional dried seafood delicacies and Chinese herbal medicine and health supplements through its network of Company owned stores in Hong Kong. The Company also distributes products through its wholesale operation. PRM opened its first shop in Jordan along Nathan Road in Hong Kong in 1999. Today the operation comprises ten retail locations including a wholesale distribution warehouse with 55 full time employees

For further information please visit www.pacificretailmerchants.com or contact:

Ronny Yeung
Chief Executive Officer
Pacific Retail Merchants AG
ronny.yeung@giantluxury.com

Quelle: Thomson Reuters ONE

Emissionspreis: 2 Euro
Erstnotierung: 07.06.2013

Die ISIN DE000A1PHEF0 gehört zu den jungen Inhaber-Aktien, die ISIN DE000A1TNNL9 dagegen gehört zu den "normalen" Inhaber-Aktien.


Der Chart der normalen Aktien in Frankfurt:



Pacific Retail Merchants AG Inhaber-Aktien o.N. DE000A1TNNL9



Der Chart der jungen Aktien in Stuttgart:



Pacific Retail Merchants AG junge Inhaber-Aktien o.N. DE000A1PHEF0

Am 12.12.2016 wurde die Pacific Retail Merchants AG wegen Vermögenslosigkeit aus dem Handelsregister gelöscht. Die Notierung der Aktien im General Standard der Börse Frankfurt wurde daher am Freitag (16.12.2016) eingestellt. Der Handel war bereits am 09.07.2015 bis auf weiteres ausgesetzt worden.