Midea Group Launches Up to HK$27 Billion Hong Kong IPO

MT Newswires Live2024-09-09

Midea Group Launches Up to HK$27 Billion Hong Kong IPO Midea Group (HKG:0300, SHE:000333) launched its initial public offering in Hong Kong Monday, seeking to raise up to HK$27 billion, or about $3.46...

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Shares will begin trading on the stock exchange on Sept. 17.</p><p>The appliance maker intends to use the proceeds to fund global research and development, manufacturing system and supply chain upgrades, distribution and sales network, and working capital.</p><p>COSCO SHIPPING Holdings (Hong Kong) (HKG:1919, SHA:601919), UBS AM Singapore, China Structural Reform Fund II, Golden Link, Splendor Achieve, Supercluster Universe, HCEP, GSC Fund 1 and Vision Fund 1 or the Foresight Funds, CPE Investment, Dajia Life, Metazone, Enreal AM, Vanguard Focus, PSBC Wealth, Jump Trading, MY Asian Opportunities Fund, and Pamalican Asset Management, are the joint bookrunners and lead managers of the IPO.</p></body></html>","source":"mtnewswires_live","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Midea Group Launches Up to HK$27 Billion Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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