The latest announcement is out from Haier Smart Home Co., Ltd. Class H ( (HK:6690) ).
Haier Smart Home Co., Ltd. has announced a capital increase for its subsidiary, Haier Finance, by converting RMB3,000 million of undistributed profits into capital. This move aims to enhance the capital adequacy ratio and support business development. The capital increase involves contributions from Haier Air-Conditioner, Haier Air-Conditioner Electronics, Haier Group, and Haikeda, with each entity maintaining its current shareholding proportion. This transaction is classified as a connected transaction under Hong Kong Listing Rules, subject to certain reporting and announcement requirements but exempt from independent financial advisor opinions and shareholder approval.
More about Haier Smart Home Co., Ltd. Class H
Haier Smart Home Co., Ltd. is a joint stock company incorporated in China, operating within the home appliance industry. It is known for its production of air conditioners and other electronics, with a focus on integrating smart technology into its products.
YTD Price Performance: -4.36%
Average Trading Volume: 17,544,112
Technical Sentiment Signal: Sell
Current Market Cap: HK$269.2B
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