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China's Midea Group to launch at least US$3bil share offering in Hong Kong, sources say

The Star LogoThe Star4h ago

China's Midea Group to launch at least US$3bil share offering in Hong Kong, sources say - The Star

Quick Summary:

SYDNEY/HONG KONG: Chinese home appliance maker Midea Group plans to launch a share offering in Hong Kong to raise at least $3 billion as early as Monday, said two sources, in the city's largest deal in more than a year.

Midea, based in Foshan city in Guangdong province, churns out a wide range of home appliances including air conditioners, refrigerators and laundry machines.

The company has a market capitalisation of 444 billion yuan and the stock is up 23% this year.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 15:59:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22373179

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 52 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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  • News ID: #22373179
  • URL: https://beamstart.com/news/chinas-midea-group-to-launch-17255242597550

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