Reported about 1 month ago
Midea Group Co. is set to begin taking orders next week for its anticipated $4 billion share sale in Hong Kong, marking the largest listing by a Chinese company in two years. The appliance maker, based in Foshan, plans to offer shares at a discount to its Shenzhen stock, aiming to attract significant cornerstone investors. The offering could greatly benefit Hong Kong's IPO market, which has seen limited activity this year.
Source: YAHOO