Midea Group Co., Ltd (00300) raised a net total of 30.668 billion Hong Kong dollars through its global offering.

Midea Group Co., Ltd (00300) announced the distribution results, with approximately 566 million H shares sold globally, of which approximately 5.0% were publicly sold in Hong Kong and approximately 95.0% were sold internationally. The final selling price was HKD 54.8 per share, with a net proceeds of HKD 30.668 billion from the global offering. Each unit consists of 100 shares, and the H shares are expected to be listed on September 17, 2024. The oversubscription options have been exercised, allowing the company to issue an additional 73.8202 million shares at the final selling price, representing approximately 15.00% of the total initial offering. An additional 84.8932 million shares will be allocated, which can be fulfilled through the exercise of oversubscription rights, purchasing at a price not higher than the offering price in the secondary market, through deferred payment, or a combination of the above. The public offering was oversubscribed by 5.31 times, while the international offering was oversubscribed by 8.06 times.