Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Management Change at Mycronic
March 19, 2024 | MycronicEstimated reading time: 1 minute
As a result of the preparations ahead of a possible listing of Axxon on a stock exchange in China, effective March 19, 2024, Ivan Li leaves Mycronic’s executive management but remains as Head of Axxon, the core of Mycronic´s High Volume division.
Mycronic AB has previously announced that the Board has decided to investigate the possibility of listing Axxon, the core of the High Volume division, on a stock exchange in China and floating a minority stake. Through this, Axxon would further strengthen its brand and market leadership position. By being more independent and having the means for fast expansion, the best possible conditions for Axxon are created to realize its success and full potential. However, the regulations stipulate that in such a situation, Ivan Li cannot be a member of Mycronic’s executive management.
“Although the Board of Directors of Mycronic has not yet made a formal decision to list Axxon, we choose to already now carry through this organizational change, as this will enable more options for the future. Axxon will be governed by a Board of Directors, which I will chair. High Volume will otherwise remain as a division and a reported segment in Mycronic.”, says Anders Lindqvist, Mycronic’s President and CEO.
Share on:
Suggested Items
Peters' MYC50 Selectively Coats Assembled Printed Circuit Boards
12/06/2023 | PetersAs part of the Peters Coating Innovation Forum (PCIF), Peters presented the new MYC50 coating machine in the showroom.
Mycronic Evaluates Listing Axxon
06/22/2022 | MycronicThe Board of Mycronic AB has decided to investigate the possibility of listing Axxon, the core of the High Volume division, on the STAR market of the Shanghai stock exchange and floating a minority stake. If feasible, the listing could take place during 2024.
AIM to Host SMT High-Reliability Technology Seminar in China
12/04/2017 | AIM SolderAIM Solder will co-host the SMT Electronics Assembly High-Reliability Technology Seminar in Shenzhen, China on December 8, 2017.
Mycronic Acquires Shenzhen Axxon Automation
08/01/2016 | Mycronic ABMycronic has signed an agreement to acquire 75% of Shenzhen Axxon Automation Co. Ltd for a cash consideration of approximately SEK 430 million.