Deutsche Börse: Listing Of Pacific Retail Merchants AG In The General Standard

On 7 June, the shares of Pacific Retail Merchants AG (ISIN: DE000A1PHEF0) were listed in the General Standard of the Frankfurt Stock Exchange.

Applicant is VEM Aktienbank AG. Schnigge Wertpapierhandelsbank AG is acting as specialist.

„We are delighted that Pacific Retail Merchants AG has decided to join the Regulated Market of the Frankfurt Stock Exchange and to meet European transparency standards,“ said Dr. Cord Gebhardt, Head of Primary Markets at Deutsche Börse.

"We are pleased and proud to have our shares listed on the Frankfurt Stock Exchange’s General Standard market. This is an important step in Pacific Retail Merchants’ ability to achieve our objective of becoming a leader in Asia’s dried seafood delicacies and herbal supplement markets. "With our solid base of 10 stores in Hong Kong and the huge expansion opportunities throughout Asia, we believe this listing will provide Pacific Retail Merchants with access to global investors who are increasingly interested in growing, profitable companies in the Asia Pacific region”, said Ronny Yeung, CEO of Pacific Retail Merchants AG

Pacific Retail Merchants AG sells a variety of traditional dried seafood delicacies, 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.