China ’s home appliance giant company’ s group is listed in Hong Kong to raise fund

The Group (Midea) of Chinese home appliance manufacturers (Midea) issued a pre -announcement announcement on Monday (September 9) that it will first publicly fundraising (IPO) in Hong Kong, and it is expected that the fundraising will be as high as 3.5 billion US dollars (about 4.6 billion new newYuan) may become the largest listed project in the Hong Kong stock market for more than three years.

Comprehensive Bloomberg and Hong Kong Zhongtong News Agency reported that the listing documents released by the Hong Kong Stock Exchange on Monday show that Midea, headquartered in Foshan, Guangdong, will sell 492.1 million H -shares worldwide in the world, of which about 2460.68 shares in Hong Kong will beThousands of shares, about 468 million shares in the international offerings, selling the price from 52 to HK $ 54.80 per share (about $ 8.7 to S $ 9.2).Midea Group will publicize from Monday to Thursday (September 12).

Midea Group is expected to be determined on Friday (September 13), and will be officially listed on the Hong Kong Stock Exchange next Tuesday (September 17).The cornerstone investors have agreed to subscribe for US $ 1.26 billion in US stocks, accounting for more than one -third of the total issuance. Other investors include Zhongyuan Shipping Hong Kong and UBS asset management Singapore.

Since the beginning of this year, Hong Kong's IPO fundraising scale has reached a maximum of 2.5 billion US dollars, far from the total amount of more than 50 billion US dollars in 2020.Judging from the target funding scale, Midea Group will become the largest listing case in Hong Kong after JD Logistics.JD Logistics raised $ 3.6 billion in Hong Kong in May 2021.

The Midea Group has lasted for one year since it was announced to go public in Hong Kong.In August last year, Midea Group announced for the first time that it would go to the Hong Kong Stock Exchange for the first time.In October of the same year, Midea Group submitted a listing application to the Hong Kong Stock Exchange.

Midea Group submitted an update application application to the Hong Kong Stock Exchange in April this April, and published an update application information on the Hong Kong Stock Exchange website.In July of this year, Midea Group announced that receiving relevant filing notices, the company plans to issue no more than 651 million overseas listing ordinary shares and list on the Hong Kong Stock Exchange.