Midea Group announced that it will offer 492.1 million shares at HK$52 to HK$54.80 a piece in the HK listing. At the low end of the offering price range, it represents a 25% discount to the company’s Shenzhen-traded shares on Friday. This sizeable discount should help to attract many investors that may have been on the sidelines. The company expects to price the offering on 13 September.
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