China's Midea Group to launch at least US$3bil share offering in Hong Kong, sources say


SYDNEY/HONG KONG: Chinese home appliance maker Midea Group plans to launch a share offering in Hong Kong to raise at least $3 billion as early as Monday, said two sources, in the city's largest deal in more than a year.

Midea is listed in Shenzhen and the discount offered to investors to buy its Hong Kong shares has not yet been finalised, according to the two sources with direct knowledge of the matter.

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