Chapmans Limited defers listing in view of uncertain global economic landscape

June 29, 2023 03:17 PM AEST | By Ankit Sethi
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Highlights

  • The Australian company is into investment in early and mature enterprises, backed by extensive due diligence and analysis
  • The company has been planning to list on a stock exchange in Australia or in some foreign jurisdiction
  • For now, in view of uncertain global economic landscape, Chapmans has deferred listing until further notice

Australian company Chapmans Limited -- which is into investment in early stage businesses with special attention to having "larger stakes in fewer businesses" -- has informed that the company has deferred its listing plans "until further notice". Notably, the company has been exploring global stock exchanges for its intended listing of securities.

Among other factors, Chapmans has cited tough economic times -- the global economic activity and the world stock market passing through uncertain phases in the wake of high inflation and expected slowdown -- as the reason behind the decision to postpone listing.

About Chapmans Limited

The investment company, with stock market veteran Mr. Peter Dykes as its Executive Chairman, is into providing growth capital, alongside advisory services, to both listed and unlisted businesses. It operates across various industries including energy and resources, specialist engineering, property, and manufacturing.

Chapmans describes its investment strategy as "a high-conviction approach" with the view to making strategic and sizeable investments in a small number of firms. The company undertakes direct investment in early or mature companies, while also focusing on mergers and acquisitions and short-term arbitrage and trading opportunities.


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