Cartridge World Stores Advised Ahead of Time

The CEO of the global network of 1,400 Cartridge World stores has told his regional managers their parent company, Suzhou Goldengreen Technologies Company Limited (SGT), will be listed on the Shenzen stock exchange as a public company.

Steve Weedon (pictured) said the culmination of several years’ work, lead by founding president Dr Richard Yu, saw SGT offer its Initial Public Offer (IPO) on August 12.

Cartridge World was acquired by SGT in June 2015. In his letter to managers the day before the IPO took place, Weedon said, “For Cartridge World it means that we have reached another milestone on the path of greater global success.”
Weedon went on to say that by becoming a public listed company the group will have the financial means to press forward with increased investments that benefit the entire group held the parent company.

“By default,” Weedon added, “Cartridge World becomes, to all intents and purposes, a public company and will be managed as such. It is an important day for all of us.”
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