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Caixin Global
Caixin Global
Business
Ding Yi

Home Appliance Giant Midea Takes a Step Closer to Hong Kong IPO

Midea IPO Hong Kong China

What’s new: Midea Group Co. Ltd. (000333.SZ) has completed its registration with China’s securities regulator for a Hong Kong IPO, as the home-appliance maker seeks more capital to fund its global expansion.

The Shenzhen-listed company plans to issue up to 650.8 million ordinary shares to trade on the Hong Kong Stock Exchange, according to a notice published by the China Securities Regulatory Commission (CSRC) on Tuesday.

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