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Midea Group: Fully Exercising Over-Allotment Option
On September 25th, Jins data, Midea Group announced that, with the approval of the Hong Kong Stock Exchange, the company’s 5.66 billion H-shares (before exercising the over-allotment option) were listed and traded on the main board of the Hong Kong Stock Exchange on September 17, 2024. Under the current issuance plan, the company has agreed for the lead coordinator to fully exercise the over-allotment option on September 25, 2024, issuing 84.89 million H-shares at a price of HK$54.80 per H-share. After the full exercise of the over-allotment option mentioned above, the H-shares of this issuance will increase from 566 million shares to 651 million shares.