Uniwheels approves IPO share allotment

Wheel manufacturer Uniwheels AG has approved the allotment of 4,800,000 shares in a public offering, including 2,400,000 new shares from a share capital increase and 2,400,000 existing shares from the holding of existing shareholder Uniwheels Holding (Malta) Ltd. . Five per cent, or 240,000 of the shares offered have been allocated to retail investors and 4,560,000 (95 per cent) to institutional investors.

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