What does MKX mean in TORONTO STOCK EXCHANGE
MKS Incorporated, or MKX, was a multinational manufacturing conglomerate with its headquarters located in South Africa. MKX specialized in producing a variety of industrial and consumer products with an emphasis on quality control and customer satisfaction. Founded in 1957, MKX joined the Johannesburg Stock Exchange three years later and continued to grow rapidly until the start of the new millennium. Unfortunately, after a series of missteps and mounting debt, MKX was de-listed from the exchange in 2003.
MKX meaning in Toronto Stock Exchange in Business
MKX mostly used in an acronym Toronto Stock Exchange in Category Business that means MKS Incorporated (de-listed)
Shorthand: MKX,
Full Form: MKS Incorporated (de-listed)
For more information of "MKS Incorporated (de-listed)", see the section below.
What Does MKX Mean? MKX stands for MkS Incorporated, which was a South African manufacturing company that operated between 1957 and 2003. It focused primarily on producing industrial and consumer goods with an emphasis on quality control and customer satisfaction. The company's name was derived from its founders' surnames
Miles (M) Kurtzman (K) and Samuel (S). By 2002, it had become one of South Africa's top suppliers of textiles, furniture goods, electronics, agricultural equipment and more.
The Rise And Fall Of MKX
During its heyday in the late 1990s, MKX enjoyed considerable success as one of the Johannesburg Stock Exchange's most profitable companies. However, as competition increased in the early 2000s due to globalization trends, MKX began to experience financial difficulties from debts incurred by expanding too quickly into new markets. With no way to recover financially stable ground, MKX’s executives eventually decided to file for de-listing from the stock exchange in 2003. Since then several attempts have been made by other entities to revive MKX operations but all have failed thus far.
Essential Questions and Answers on MKS Incorporated (de-listed) in "BUSINESS»TSX"
What was MKS Incorporated?
MKS Incorporated was a prior publicly traded company that engaged in the development, manufacture and distribution of electronic communications systems. The company's products were mainly used in healthcare, as well as other government, industrial and commercial applications.
Does MKS Incorporated still exist?
MKS Incorporated was de-listed from the Nasdaq Stock Market and is no longer in operation as of 2017.
How did this affect investors?
Investors who held stock when MKS Incorporated was de-listed would have lost their shares and their right to receive any cash or stock from the company, unless they chose to trade their securities during a transition period before the de-listing.
When did MKS Incorporate go public?
MKSI went public on November 21, 2001, raising over $13 million through its initial public offering (IPO).
What actions caused the de-listing of MKS Incorporate?
The de-listing resulted from an inadequate market value for its outstanding common stock following Nasdaq’s request for a business plan regarding how it will regain compliance with Nasdaq listing requirements.
Was there any recourse for investors upon de-listing of the company?
Investors had an opportunity to trade their stocks during a transition period before the de-listing. However, after de-listing occurred no further trading opportunities were available and investors faced substantial losses on their investments.
What happened to all of the assets and liabilities owned by MKSI when it was delisted?
Upon its delisting, all assets and liabilities were assumed by either third parties or creditors under agreements entered into when MKSI ceased operations. All bonds issued byMKSI were settled at par value upon its delisting.
Where can I find information on current updates related to MKSI's former activities?
Information related to MkSI's former activities can generally be found online through financial websites such as Bloomberg or Yahoo Finance. Additionally, reports filed by MkSI while operating are still accessible through EDGAR on sec.gov.
Final Words:
In short, MKX stands for MkS Incorporated and was once a successful manufacturing company based in South Africa before suffering financial difficulties due to increasing competition from abroad at the turn of the century. After being de-listed from the Johannesburg Stock Exchange in 2003 numerous efforts have been made to revive it but none have yet succeeded.