PEN receives innovation award in China

PEN receives 1 MCNY in innovation award by Shangdong Province 

Qingdao Oboya Shop Concept Co., Ltd, a wholly owned subsidiary of PEN Concept Group AB (PENCON, Spotlight Stock Market) was on October 19, 2018, rewarded as Provincial Enterprise Technology Center by Shangdong Provincial Economic Committee. The reward is paid out in form of an allowance of 1 MCNY (approx. 1.3 MSEK) in cash.

According to the requirement of innovation driven development and economic restructuring, enterprises and technology centers with strong innovation capabilities and mechanisms, will be qualified and offered policy support from Shangdong Government.

For any inquiry regarding this press release, kindly contact:
Magnus Hjorth, CEO, PEN Concept Group AB
E-mail: magnus.hjorth@pen.se 
Phone: +46 706 335 106

This information is insider information that PEN Concept Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on October 24, 2018.

PEN Concept Group in brief
PEN Concept Group AB, headquartered in Jönköping, Sweden, is a turnkey supplier of interior products and solutions for shops, exhibitions, events, restaurants and showrooms. The group coordinates all required resources to offer customers both standard and customized interior solutions, including large scale productions. The Swedish operations is channelled through the subsidiaries PEN Interiör AB, PEN Shop Concept AB and Goods Sweden AB. The group also has a production and distribution facility, Qingdao Oboya Shop Concept Co., Ltd. in China.

The PEN brand represents solid know-how and experience in design, engineering, production and installation services for exhibitions, restaurants and retail customers. The GOODS brand covers a turnkey product range for restaurant businesses, including kitchen machinery, furniture and utensils.

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