Midea IPO: China’s market regulator approves top appliance maker’s Hong Kong listing

Quick Summary:

The Foshan-based company proposes to issue up to 650.8 million ordinary shares on the Hong Kong stock exchange, according to the CSRC.

It is the world’s biggest home appliances maker by market value and annual revenue, according to publicly available data.

Midea’s board approved the H-share offering in September, the 10th anniversary of its stock listing in Shenzhen, according to a filing to the Shenzhen Stock Exchange.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChinaVietnam

Topics: Listings Market Hong According Deal Billion Kong Stock Maker Filing Midea

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 20:30:30 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 533 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21751577

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