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CHRONEXT postpones initial public offering

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Watches are commonly new and unworn. If they are pre-owned, each watch is refurbished to mint condition, boxed, and sold with a Chronext two year warranty.

CHRONEXT has postponed its initial public offering.

The listing was due to have taken place this week on the SIX Swiss Exchange, but has been stopped without a revised date being announced.

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A brief statement from CHRONEXT says the postponement is due to currently adverse market conditions for high growth companies.

“CHRONEXT and its shareholders remain committed to a public listing once market conditions stabilise,” the statement adds.

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