Haier Smart Home Plans Major Buy-Back of German D Shares

Haier Smart Home Co., Ltd. Class H ( (HK:6690) ) just unveiled an announcement.

Haier Smart Home plans a possible voluntary public share buy-back offer for its German-listed D shares, targeting up to 81,044,512 shares, or 30% of the total D shares in issue, subject to legal and regulatory approvals in Hong Kong and Germany and prevailing market conditions. The repurchased D shares would be cancelled, potentially simplifying the capital structure and affecting liquidity for D shareholders.

The transaction, although executed solely under German law and not directed at investors in restricted jurisdictions, is treated as a share buy-back by general offer under Hong Kong rules and requires approval from H shareholders and other share classes. Haier has formed an independent committee of non-executive and independent non-executive directors and appointed Somerley Capital as independent financial adviser to assess whether the offer is fair and reasonable for independent shareholders and to guide their voting decisions.

The most recent analyst rating on (HK:6690) stock is a Hold with a HK$23.00 price target. To see the full list of analyst forecasts on Haier Smart Home Co., Ltd. Class H stock, see the HK:6690 Stock Forecast page.

More about Haier Smart Home Co., Ltd. Class H

Haier Smart Home Co., Ltd. is a Chinese home appliance manufacturer operating through multiple share classes, including A shares in the mainland, H shares in Hong Kong and D shares listed in Germany. The company focuses on smart home and household appliances and taps both domestic and international capital markets to support its growth and shareholder base diversification.

Average Trading Volume: 17,026,940

Technical Sentiment Signal: Sell

Current Market Cap: HK$210.6B

For a thorough assessment of 6690 stock, go to TipRanks’ Stock Analysis page.