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Midea shares leap 9.5% in Hong Kong debut
Midea shares leap 9.5% in Hong Kong debut after $4 billion listing
By Scott Murdoch and Donny Kwok SYDNEY (Reuters) -Midea Group stock jumped by up to 9.5% on its trading debut in Hong Kong on Tuesday after the Chinese home appliances maker raised nearly $4 billion in the city's largest share offering in almost four years,
The demand for Midea's Hong Kong listing is driven by the discount compared to its A-share listing: Analyst
Dickie Wong from Kingston Securities talked about Midea's performance, particularly in the context of weak economic data in China and potential tariffs.
Hong Kong’s Biggest Listing in Years Lures Back Global Investors
Chinese appliance maker Midea Group Co.’s $4 billion listing in Hong Kong is fueling cautious optimism that the worst of the city’s capital markets drought may be coming to an end.
Midea's strong Hong Kong debut after $4 bln listing boosts outlook
Midea Group rose as much as 9.5% on its Hong Kong trading debut after the Chinese home appliances maker raised nearly $4 billion in the city's largest share offering in almost four years, boosting hopes for a revival in large Chinese issuances.
57m
on MSN
Bangladeshi man, 47, dies after being found unconscious on Cathay flight to Hong Kong
A 47-year-old Bangladeshi passenger has died after fainting on a Cathay Pacific Airways flight from Dhaka to Hong Kong. Hong ...
2d
First conviction under Hong Kong's new national security law for wearing "seditious" T-shirt
A Hong Kong man on Monday pleaded guilty to sedition for wearing a T-shirt with a protest slogan, becoming the first person ...
20h
Animoca’s Siu Says Hong Kong a Strong Contender for Possible IPO
Hong Kong is a “strong contender” for a potential listing of crypto venture investor and blockchain game developer Animoca ...
1d
Hong Kong marks traditional Mid-Autumn Festival with spectacular drone show
Hong Kong authorities staged a nighttime show over Victoria Harbour featuring hundreds of drones in various colours, to mark ...
2d
Man convicted under Hong Kong national security law over protest T-shirt
A 27-year-old arrested for wearing a protest T-shirt became the first person convicted under Hong Kong's new security law ...
1d
Hong Kong Courts Ultra-Rich Middle East Families in Wealth Push
Hong Kong is zeroing in on rich Middle Eastern investors as it looks for new pools of capital to boost its status as a wealth ...
2d
Hong Kong-focused ETFs set to list on Saudi exchange
Planned listings follow 2023 launch of Hong Kong’s first Saudi equities ETF, which has attracted $1.25bn in assets ...
Opinion
1d
on MSN
Opinion
The Man Who Is Hong Kong
The city’s public face is no longer a dynamic entrepreneur but a dour ex-policeman.
2d
on MSN
First conviction under Hong Kong’s new security law for wearing ‘seditious’ T-shirt
A Hong Kong man has pleaded guilty to sedition for wearing a T-shirt with a protest slogan on it, becoming the first person ...
1h
Burglars strike in Hong Kong’s Tai Po with 2 Patek Philippe watches among HK$900,000 haul
Two luxury watches worth HK$700,000, two gold necklaces valued at HK$100,000 and around HK$100,000 in cash taken from Hong ...
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