IPO Announcement | Midea Group Co., Ltd (00300): The offering price for each H share is 54.8 Hong Kong dollars.
On September 12, 2024 (Thursday), the final selling price for each H share is set at HK$54.80.
Midea Group Co., Ltd (00300) announced that on September 12, 2024 (Thursday), the offer price has been set at HK$54.80 per H share.
The over-allotment option was exercised, and as a result, the company will issue and distribute an additional 73.8202 million shares at the offer price, representing approximately 15.0% of the total number of shares available for subscription in the global offering.
Assuming the global offering becomes unconditional by 8:00 am on September 17, 2024 (Tuesday), it is expected that the H shares will begin trading on the Main Board of the Hong Kong Stock Exchange at 9:00 am on September 17, 2024 (Tuesday). H shares will be traded in board lots of 100 shares each.
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