Manz AG Executes 20% Cash Capital Increase with Greatech's Eng Kee Tan

Manz AG, a German technology company, announced a significant cash capital increase of 20% involving the issuance of 1,708,514 new shares. These shares have been acquired by Mr. Eng Kee Tan, the majority shareholder of Greatech Technology Berhad, at a price of 5.80 EUR per share. The transaction, approved by Manz's Management and Supervisory Boards, will augment the company's share capital from 8,542,574.00 EUR to 10,251,088.00 EUR.

This capital increase aims to generate approximately 9.9 million EUR, which will be used to support Manz AG's ongoing business operations. Mr. Tan's involvement highlights a partnership between Manz AG and the Malaysia-based Greatech Technology, an automation solutions provider.