The owner of the Mother and Child clinics intends to obtain a primary listing on the Moscow Exchange
[ad_1]
The MD Medical group of companies, which manages the Mother and Child network of private clinics, plans to obtain primary listing status on the Moscow Exchange (MOEX: MOEX). The company sent a package of necessary documents to the Central Bank, including a prospectus for global depositary receipts (GDR), it follows from press release.
In June this year, MD Medical delisted its global depositary receipts on the London Stock Exchange (LSE), where they had been trading since 2012. The company explained the decision by the long suspension of trading in GDRs on the LSE. Trading in global depositary receipts continued on the main market of the Moscow Exchange.
August 31 MD Medical shareholders approved change of tax jurisdiction from Cypriot to Russian. The head office will be moved to the special administrative district of Oktyabrsky Island, Kaliningrad region. On August 8, the company completed the procedure for changing the depositary bank from JPMorgan Chase Bank NA to Luxembourg RCS Issuer Services S.AR.L.
MD Medical Group Investment was registered in Cyprus in 2010. Its main shareholder is founder Mark Kurtser. In Russia there are ten hospitals and 43 clinics of the company in 26 regions.
[ad_2]
Source link
