Kreston Reeves aids Majestic Corporation on stock market listing

Kreston Reeves has acted as reporting accountant for Majestic Corporation Plc on its stock market listing.

Its corporate finance team, led by partner and head of corporate finance Jack Clipsham, included James Reed-Sperrin, Craig Dallender and Jordan Ramsden with support from Anne Dwyer (audit partner), Laurence Parry (UK tax partner) and local assistance of Kreston CAC CPA Limited.

Guild Financial Advisory acted as corporate adviser with Punter Southall acting as legal adviser.

Headquartered in Hong Kong and with operations around the world, Majestic Corporation Plc recycles precious and ferrous metals from obsolete mechanical and industrial machinery, redundant IT and electrical equipment, and metal residues from manufacturing processes.

Clipsham said: “We are delighted to work alongside the Majestic team, Guild Financial Advisory and Punter Southall on this IPO and look forward to seeing Majestic go from strength-to-strength providing essential recycling services.

“Whilst individuals in the Kreston Reeves team have collectively acted as Reporting Accountants on over 40 IPOs, this is a first for Kreston Reeves as a firm and a great demonstration of the strength and depth of the Corporate Finance team and the Kreston Global network. This has already attracted further IPOs with two live transactions and further listings in the pipeline.”

He added: “The Aquis Stock Exchange is an attractive market for growing and earlier stage businesses to list, joining larger businesses that include Arsenal Football Club. It is a market that is gaining considerable interest from institutional investors, drawing in further businesses looking for their first listing.”

Peter Lai, CEO, Majestic Corporation PLC, said: “The Kreston Reeves team, led by Jack Clipsham, James Reed-Sperrin and Anne Dwyer, provided essential Reporting Accountant services for the Majestic Corporation plc Listing.

“Their knowledge of and guidance through the process were instrumental in the timely and successful completion of the Listing. The team that was put together, which included Kreston CAC CPA Limited in Hong Kong, were extremely professional throughout and a pleasure to work with.”