BankM AG: BankM AG facilitates Chinese crisis support for German hospitals

DGAP-Media / 2020-05-12 / 15:31 
 
*BankM AG facilitates Chinese crisis support for German hospitals* 
 
*- Reliable contacts with Chinese authorities enable efficient assistance* 
 
*- First five hundred thousand protection articles arrived in Germany* 
 
*- Contribution to crisis management more important than economic interests* 
 
*Frankfurt, 12.05.2020 - *Special times require special measures: BankM AG, 
one of the leading German capital market banks for small and medium-sized 
enterprises, has entered new territory in the face of the corona crisis. In 
cooperation with proven local business partners, we support the procurement 
of medical supplies from China for German clinics - free of charge. The 
first almost five hundred thousand protective items were released by German 
customs and are on their way from Frankfurt Airport to their destination. 
The delivery is the first in a series of orders for the sustainable supply 
of the clinics supported. 
 
BankM board member Thomas Stewens is pleased with the success of this 
mission: "Although it is not really BankM's core business to procure medical 
supplies from China, we were able to ensure the delivery of the products to 
the hospitals. If our proven contacts in China can help to improve the 
working conditions of medical staff in German hospitals, such aid projects 
are more important than short-term economic considerations. That is why we 
will continue these activities and make our contribution to overcome this 
crisis." 
 
Ever since the scale of the corona pandemic first became apparent in Wuhan 
at the beginning of the year, BankM has been making intensive efforts to 
help where the need is greatest, with the strong personal commitment of the 
Head of the China Desk, Ziyun Wang. While we initially supported our 
partners in China in January/February in equipping their employees with 
protective clothing, this aid is now flowing in the opposite direction. 
Access to government decision-makers is crucial for an efficient 
contribution to the supply of protective material to German hospitals. 
 
Ziyun Wang adds: "The main challenge is not to order the corresponding 
quantities in China, as capacities have been expanded dramatically in recent 
months with the flexibility and speed customary in China. But with the help 
of our state business partners, we have very quickly succeeded in 
distinguishing reliable manufacturers from those who now seek a fast 
business. In addition, it must be ensured that the necessary certifications 
are available and that the qualities meet the required standards at fair 
prices. Securing logistics and meeting customs regulations also generates 
considerable effort and can lead to harmful delays." 
 
*About BankM AG:* 
 
Since 2007, BankM AG (Frankfurt am Main, Germany) is the partner of small 
and medium-sized enterprises and specializing in capital market financing 
with its experienced, interdisciplinary team. SME customers benefit from 
individual service and rapid access to selected investors that fit their 
needs. BankM's services include capital market advisory, arranging IPOs and 
capital increases for equity financing, debt advisory and debt capital 
mediation, designated sponsoring and research as well as M&A, hereby 
specializing in the identification of suitable strategic partners in China. 
 
*Contact:* 
 
Thomas Stewens 
BankM AG 
Mainzer Landstraße 61 
60329 Frankfurt 
Germany 
Phone: [phone] 
Fax: [phone] 
Email: [e-mail] 
Internet: www.bankm.de 
 
End of Media Release 
 
Issuer: BankM AG 
Key word(s): Special Topics 
 
2020-05-12 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
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1042385 2020-05-12 
 
 

(END) Dow Jones Newswires

May 12, 2020 09:31 ET (13:31 GMT)