The Moscow Stock Exchange will suspend trading in shares of the owner of Mother and Child from May 25 due to the company’s new registration. MD Medical Group is carrying out the redomiciliation process from Cyprus to Russia. Following the news, the company’s shares fell 4.9%.
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Trading in shares of MD Medical Group, owner of the network of maternal and child medical centers, will be suspended as of May 25. This was reported by the press service of the Moscow Stock Exchange.
Against the background of the news, depositary receipts for MD Medical Group shares fell in price on the stock market by 4.9% and at the time of publication of the material cost 1,145 rubles per share.
May 22 will be the last day of securities trading in T+1 mode. Starting May 24, trading in T0 and Z0 modes will be available, which can only be used by professional market participants.
The suspension of marketing is due to the process of re-registration of MD Medical Group’s business from Cyprus to Russia. The company’s shareholders approved the redomiciliation decision in February 2024.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
