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Midea Group Co. Ltd. Class H ( (HK:0300) ) just unveiled an announcement.
Midea Group Co., Ltd. announced that its subsidiary, Annto Supply Chain Technology Co., Ltd., has submitted a listing application to the Stock Exchange of Hong Kong Limited. This move is part of a proposed spin-off and listing, where Annto aims to issue H shares not exceeding 20% of its enlarged share capital. The company assures H Share Shareholders of an entitlement to these shares, although legal and policy constraints prevent offering the same to A Shareholders. The spin-off is subject to regulatory approvals and market conditions, and Midea Group will continue to provide updates as necessary.
The most recent analyst rating on (HK:0300) stock is a Buy with a HK$89.00 price target. To see the full list of analyst forecasts on Midea Group Co. Ltd. Class H stock, see the HK:0300 Stock Forecast page.
More about Midea Group Co. Ltd. Class H
Midea Group Co., Ltd. is a leading company based in the People’s Republic of China, primarily engaged in the manufacturing of home appliances and HVAC systems. The company has a significant market presence and focuses on innovation and technology to enhance its product offerings.
Average Trading Volume: 4,606,438
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$611.4B
See more data about 0300 stock on TipRanks’ Stock Analysis page.