Phoenix Mecano AG (SWX:PM) is weighing a partial initial public offering (IPO) of its DewertOkin GmbH (DewertOkin unit) on the stock market in Shanghai as it needs financing for the construction of an industrial complex in China. The earliest possible date for a stock market listing is the end of 2021, Phoenix Mecano said on 23 January 2020. The move is considered as a way of financing for the company’s plan to consolidate its existing manufacturing, development and sales operations of the DewertOkin business at an industrial complex in Jiaxing, Xiuzhou District, near Shanghai. Currently, the operations of the unit are spread across the region.