Latest news with #FrankfurtStockExchange
Toronto Star
a day ago
- Business
- Toronto Star
Matador Technologies Inc. Announces Listing on the Frankfurt Stock Exchange
Key Points: Matador now trades on the Frankfurt Stock Exchange under ticker IU3 Listings across three key markets: Canada, U.S., and Europe Approaching objective of near 24-hour trading access for Matador shares globally, just like Bitcoin
Yahoo
27-05-2025
- Business
- Yahoo
Leo International leaps from Lion City to Frankfurt with AI precision health listing
SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) -- In a landmark announcement that bridges Asia and Europe, Leo International Group has acquired a controlling stake in SPOABG AG, a publicly listed company on the Frankfurt Stock Exchange (FSE). The company has now been officially renamed Leo International Precision Health AG (LIPH AG), with updated ticker symbols 'LEOW.F' and ' momentous move marks the first time in a century that a Taiwanese-founded enterprise has achieved mainboard listing status on Germany's prestigious Frankfurt Stock Exchange. It represents a major milestone in Leo International's global expansion strategy and underlines its commitment to advancing AI-powered precision health across continents. A Vision Rooted in Humanity, Realized GloballyFounded in 1926, Leo International Group is a fourth-generation family-owned enterprise headquartered in Taiwan, with a mission rooted in 'Caring for People, Advancing Humanity'. The Group's diverse portfolio spans biomedical innovation, wealth succession and high-end lifestyle services. With its new listing, Leo International is now using Germany as a springboard to scale its AI-driven healthcare strategy — aptly titled the 'Precision Health Trinity' — while establishing a global investment and innovation platform for its subsidiaries and partners. Why Frankfurt, Why Now? Germany's Frankfurt Stock Exchange, part of the Deutsche Börse Group, boasts a market capitalization of EUR 1.97 trillion and is one of the world's leading financial centres. In 2024 alone, Germany's biotech and medtech sectors attracted EUR 1.6 billion in investment, a 70% year-on-year surge. As global healthcare shifts toward digitization, the digital pathology market alone is forecast to grow from USD 8.1 billion in 2024 to USD 19.5 billion by 2031. This makes Frankfurt a prime launchpad for Leo International's Precision Health Trinity, a three-pronged approach integrating: * AI-driven drug discovery for broad-spectrum and rare diseases * AI-enabled diagnostics for targeted treatment * Community-focused medical services through smart clinics 'This acquisition of a Frankfurt Stock Exchange mainboard-listed company marks a pivotal milestone in our global strategic expansion,' said Leo Wang (above), Chairman of Leo International Group. 'We will place precision health at the core of our growth strategy, leveraging international capital markets to drive innovation and create lasting value for all stakeholders.' Singapore: Building a Legacy Through Family Office StrategyParallel to the Frankfurt expansion, Leo International announced the establishment of a Single Family Office (SFO) in Singapore. The office will manage multigenerational capital while aligning with the Group's long-term vision for social impact and wealth succession. Singapore has emerged as Asia's premier family office hub, now home to over 2,000 SFOs. Its political stability, transparent regulation and attractive tax environment make it a top choice for ultra-high-net-worth families. 'Singapore provides a robust legal and asset protection framework,' said Kevin Foo (below) of Leo International Family Office Singapore. 'Through our platform, we aim to connect capital networks across Singapore, Greater China, and ASEAN, while deepening our investments in health technology and impact-driven philanthropy.' Strategic Growth Through M&A and Global CapitalLIPH AG will serve as a public investment vehicle for Leo International to drive its non-organic growth strategy. By acquiring and integrating AI-health companies across Europe and Asia, the Group seeks to rapidly scale operations, unlock synergies, and boost shareholder value. The Group plans to attract sovereign wealth funds and global investors, leveraging fair valuation mechanisms in capital markets. The aim: to build a robust, cross-border precision health platform that drives the next wave of biomedical innovation. 'We are exploring dual listings, ADR issuance, and collaborations with the London Stock Exchange Group,' said Dr. Joshua Lo, CEO of LIPH AG and a seasoned executive with previous stints at Portwell Inc. and other tech firms. 'Our goal is to expand regional relevance while delivering on global healthcare needs.' A Family Legacy, Reimagined for the FutureLeo International's journey — from a Taiwanese family business to a global leader in health-tech —exemplifies a unique fusion of heritage and innovation. Rooted in values shaped over four generations, the Group's current trajectory is driven by industrial relevance, cutting-edge technology, and social purpose. 'As we position ourselves at the intersection of AI, pharmaceuticals, and intelligent diagnostics, our family office and listed entity serve as twin engines,' said Chairman Wang. 'They power our commitment to both industrial growth and global impact.' With 80% equity in the newly renamed Frankfurt-listed firm, Wang and original Group shareholders are transitioning their stakes to gain full access to international capital markets, all in accordance with German legal and accounting standards. The Road AheadFrom Singapore to Frankfurt, Leo International is building more than a business — it is building a bridge between continents, industries, and generations. As AI redefines healthcare, and as wealth reorients across borders, Leo's Precision Health Trinity is poised to become a defining force in the biomedical landscape. With strategic focus, family values, and global ambition, Leo International is not just joining the conversation — it is leading it. RELATED ITEMS:ACQUIRED, AI-POWERED, ANNOUNCEMENT, ASIA, BRIDGES, CENTURY, COMPANY, CONTINENTS, CONTROLLING, ENTERPRISE, EUROPE, EXPANSION, FEATURED, FOUNDED, FRANKFURT STOCK EXCHANGE, FSE, GLOBAL, LANDMARK, LEO INTERNATIONAL GROUP, LEO INTERNATIONAL PRECISION HEALTH AG, LEOW.F, LIPH AG, MAINBOARD LISTING, ON GERMANY, PRECISION HEALTH, PRESTIGIOUS MILESTONE, PUBLICLY LISTED, SPOABG AG, STAKE, STATUS, STRATEGY, SYMBOLS, TAIWANESE, TICKER, UPDATED CONTACT: Leo International Group – Brand Marketing & PR Department Shahad, Chief Marketing Officer / service@ Mofey, Marketing Manager / +886 981 666 331 / in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
26-05-2025
- Business
- Time of India
Struggling German steel giant Thyssenkrupp plans major overhaul
FRANKFURT: Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan. Tired of too many ads? go ad free now Once a symbol of German manufacturing might, Thyssenkrupp has fallen into crisis in recent years as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business in particular. The conglomerate, which traces its history back to the early 19th century, had already announced massive job cuts at the steel division and was in the process of seeking to spin off some parts of the business. The plan announced Monday goes further however, and involves gradually making all segments of the group -- ranging from auto parts to green technologies -- into standalone businesses and opening them up for outside investment. The current Thyssenkrupp group would be transformed into a holding company with stakes in the individual businesses. Chief executive Miguel Lopez said the plan, to be presented to the supervisory board before the end of September, will help the group continue on its "chosen course". "The future independence of our current segments... will increase their entrepreneurial flexibility, strengthen their investment plans and earnings responsibility, and improve transparency for investors," he said in a statement. The move principally affects the group's automotive technology and green technology units as well as one that deals with supply chain management. The aim is for them to become independent businesses in the coming years, with Thyssenkrupp to retain a controlling stake. Tired of too many ads? go ad free now Efforts were already ongoing to spin off its lucrative submarine-making unit, and Czech billionaire Daniel Kretinsky has taken a 20-percent stake in the steel business, with the goal of increasing this to 50 percent. 'Dramatic situation' Investors cheered the news, with Thyssenkrupp's shares up more than eight percent in afternoon trading on the Frankfurt Stock Exchange. But there was anger at what some viewed as the looming demise of a well-known German manufacturing giant, which has almost 100,000 employees worldwide, as well as fears about more job cuts. "Germany's industrial icon faces being dismantled, thousands of jobs are at risk," said the tabloid newspaper Bild. It reported that the number of staff at the group's Essen headquarters would be slashed from 500 to 100. Thyssenkrupp declined to comment on the report. Politicians voiced anger at the potential impact in North Rhine-Westphalia state, where Germany's biggest steelmaker has major operations and is a big employer. Dennis Radtke, a European Parliament lawmaker from Chancellor Friedrich Merz's CDU party, warned of a "dramatic situation for the entire value chain in the steel industry" if the restructuring plan goes ahead. R adtke, originally from the region, told Stern magazine that swift action was needed to "avoid carnage that would make us even more dependent on China... the chancellor must make the issue a top priority". China has become a major competitor to traditional European steelmakers in recent years. A spokesman for the North Rhine-Westphalia state said it was "closely monitoring" the latest developments at Thyssenkrupp. The state government's "actions are focused on securing jobs at ThyssenKrupp... and throughout the steel industry and related value chains", he told AFP. Thyssenkrupp has reported massive annual losses for the past two years running. In November last year it announced plans to cut about 11,000 jobs at the steel division -- over a third of the workforce.
France 24
26-05-2025
- Business
- France 24
Struggling German steel giant Thyssenkrupp plans major overhaul
Once a symbol of German manufacturing might, Thyssenkrupp has fallen into crisis in recent years as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business in particular. The conglomerate, which traces its history back to the early 19th century, had already announced massive job cuts at the steel division and was in the process of seeking to spin off some parts of the business. The plan announced Monday goes further however, and involves gradually making all segments of the group -- ranging from auto parts to green technologies -- into standalone businesses and opening them up for outside investment. The current Thyssenkrupp group would be transformed into a holding company with stakes in the individual businesses. Chief executive Miguel Lopez said the plan, to be presented to the supervisory board before the end of September, will help the group continue on its "chosen course". "The future independence of our current segments... will increase their entrepreneurial flexibility, strengthen their investment plans and earnings responsibility, and improve transparency for investors," he said in a statement. The move principally affects the group's automotive technology and green technology units as well as one that deals with supply chain management. The aim is for them to become independent businesses in the coming years, with Thyssenkrupp to retain a controlling stake. Efforts were already ongoing to spin off its lucrative submarine-making unit, and Czech billionaire Daniel Kretinsky has taken a 20-percent stake in the steel business, with the goal of increasing this to 50 percent. 'Dramatic situation' Investors cheered the news, with Thyssenkrupp's shares up more than eight percent in afternoon trading on the Frankfurt Stock Exchange. But there was anger at what some viewed as the looming demise of a well-known German manufacturing giant, which has almost 100,000 employees worldwide, as well as fears about more job cuts. "Germany's industrial icon faces being dismantled, thousands of jobs are at risk," said the tabloid newspaper Bild. It reported that the number of staff at the group's Essen headquarters would be slashed from 500 to 100. Thyssenkrupp declined to comment on the report. Politicians voiced anger at the potential impact in North Rhine-Westphalia state, where Germany's biggest steelmaker has major operations and is a big employer. Dennis Radtke, a European Parliament lawmaker from Chancellor Friedrich Merz's CDU party, warned of a "dramatic situation for the entire value chain in the steel industry" if the restructuring plan goes ahead. Radtke, originally from the region, told Stern magazine that swift action was needed to "avoid carnage that would make us even more dependent on China... the chancellor must make the issue a top priority". China has become a major competitor to traditional European steelmakers in recent years. A spokesman for the North Rhine-Westphalia state said it was "closely monitoring" the latest developments at Thyssenkrupp. The state government's "actions are focused on securing jobs at ThyssenKrupp... and throughout the steel industry and related value chains", he told AFP. Thyssenkrupp has reported massive annual losses for the past two years running. In November last year it announced plans to cut about 11,000 jobs at the steel division -- over a third of the workforce.
Int'l Business Times
26-05-2025
- Business
- Int'l Business Times
Struggling German Steel Giant Thyssenkrupp Plans Major Overhaul
Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan. Once a symbol of German manufacturing might, Thyssenkrupp has fallen into crisis in recent years as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business in particular. The conglomerate, which traces its history back to the early 19th century, had already announced massive job cuts at the steel division and was in the process of seeking to spin off some parts of the business. The plan announced Monday goes further however, and involves gradually making all segments of the group -- ranging from auto parts to green technologies -- into standalone businesses and opening them up for outside investment. The current Thyssenkrupp group would be transformed into a holding company with stakes in the individual businesses. Chief executive Miguel Lopez said the plan, to be presented to the supervisory board before the end of September, will help the group continue on its "chosen course". "The future independence of our current segments... will increase their entrepreneurial flexibility, strengthen their investment plans and earnings responsibility, and improve transparency for investors," he said in a statement. The move principally affects the group's automotive technology and green technology units as well as one that deals with supply chain management. The aim is for them to become independent businesses in the coming years, with Thyssenkrupp to retain a controlling stake. Efforts were already ongoing to spin off its lucrative submarine-making unit, and Czech billionaire Daniel Kretinsky has taken a 20-percent stake in the steel business, with the goal of increasing this to 50 percent. Investors cheered the news, with Thyssenkrupp's shares up more than eight percent in afternoon trading on the Frankfurt Stock Exchange. But there was anger at what some viewed as the looming demise of a well-known German manufacturing giant, which has almost 100,000 employees worldwide, as well as fears about more job cuts. "Germany's industrial icon faces being dismantled, thousands of jobs are at risk," said the tabloid newspaper Bild. It reported that the number of staff at the group's Essen headquarters would be slashed from 500 to 100. Thyssenkrupp declined to comment on the report. Politicians voiced anger at the potential impact in North Rhine-Westphalia state, where Germany's biggest steelmaker has major operations and is a big employer. Dennis Radtke, a European Parliament lawmaker from Chancellor Friedrich Merz's CDU party, warned of a "dramatic situation for the entire value chain in the steel industry" if the restructuring plan goes ahead. Radtke, originally from the region, told Stern magazine that swift action was needed to "avoid carnage that would make us even more dependent on China... the chancellor must make the issue a top priority". China has become a major competitor to traditional European steelmakers in recent years. A spokesman for the North Rhine-Westphalia state said it was "closely monitoring" the latest developments at Thyssenkrupp. The state government's "actions are focused on securing jobs at ThyssenKrupp... and throughout the steel industry and related value chains", he told AFP. Thyssenkrupp has reported massive annual losses for the past two years running. In November last year it announced plans to cut about 11,000 jobs at the steel division -- over a third of the workforce. Thyssenkrupp plans to separate its divisions into standalone companies AFP Thyssenkrupp CEO Miguel Lopez hopes the restructuring plan can bring new investment into the group AFP
