China $1.2 Billion Property Developer Midea Real Estate Plans to Spinoff Property Development & Sales Business in Private Sale to Midea Majority Shareholders, Existing Shareholders Can Receive in Shares or Cash at HKD 5.90 Per Share Representing 57.33% Premium Over Last Closing Price (21/6/24), Midea Real Estate Key Shareholder is $61 Billion China Appliance Giant Midea Group
27th June 2024 | Hong Kong
China property developer Midea Real Estate (27/6/24: $1.2 billion market value) is planning to spinoff the Property Development & Sales business in a private sale to Midea majority shareholders, with existing shareholders to choose to receive in shares or cash at HKD 5.90 (Per share) representing 57.33% premium over the last closing price (21/6/24). Midea Real Estate key shareholder is $61 billion China appliance giant Midea Group. Earlier in 2024 June, China appliance giant Midea Group ($61 billion market capitalization) founder He Xiangjian son He Jiangfeng was not appointed to the Midea board as Director (14/6/24) after serving 12 years as Midea Group Director. Midea board is now Chaired by Fang Hong Bo. Midea Group founder He Xiangjian (Age 82) had retired in 2012, and is Midea largest shareholder with 31% shareholding. In 2024 May, the China Securities Regulatory Commission (CSRC) sent an enquiry of impact of Midea Group share price on Shenzhen Stock Exchange after the China appliance giant Midea Group (4/5/24: $67 billion market capitalization) filed for a Hong Kong IPO (Initial Public Offering) in a 2nd application (early May 2024), after 1st filing in 2023 October. Midea Group is founded by He Xiangjian with 23 Beijiao residents in 1968 with CNY 5,000, registering the Midea Trademark in 1981. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, large and small kitchen appliances, water appliances, floor care and lighting. He Xiangjian is one of China’s richest man with more than $23 billion personal fortune. In 2023 November, He Xiangjian son (He Jianfeng) is buying one of China’s top sofa & chair maker Jason Furniture for $1.4 billion. He Jianfeng will be doing the acquisition via his investment firm Infore Group. He Xiangjian is also a Board Director at Midea Group.
“ China $1.2 Billion Property Developer Midea Real Estate Plans to Spinoff Property Development & Sales Business in Private Sale to Midea Majority Shareholders, Existing Shareholders Can Receive in Shares or Cash at HKD 5.90 Per Share Representing 57.33% Premium Over Last Closing Price (21/6/24), Midea Real Estate Key Shareholder is $61 Billion China Appliance Giant Midea Group “
$61 Billion China Appliance Giant Midea Group Founder He Xiangjian Son He Jianfeng Not Appointed to Midea Board as Director after Serving 12 Years as Director, Midea Board Chaired by Fang Hong Bo, Founder He Xiangjian Age 82 Retired in 2012 & Remains Largest Shareholder with 31% Shareholding
20th June 2024 – China appliance giant Midea Group ($61 billion market capitalization) founder He Xiangjian son He Jiangfeng was not appointed to the Midea board as Director (14/6/24) after serving 12 years as Midea Group Director. Midea board is now Chaired by Fang Hong Bo. Midea Group founder He Xiangjian (Age 82) had retired in 2012, and is Midea largest shareholder with 31% shareholding. In 2024 May, the China Securities Regulatory Commission (CSRC) sent an enquiry of impact of Midea Group share price on Shenzhen Stock Exchange after the China appliance giant Midea Group (4/5/24: $67 billion market capitalization) filed for a Hong Kong IPO (Initial Public Offering) in a 2nd application (early May 2024), after 1st filing in 2023 October. Midea Group is founded by He Xiangjian with 23 Beijiao residents in 1968 with CNY 5,000, registering the Midea Trademark in 1981. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, large and small kitchen appliances, water appliances, floor care and lighting. He Xiangjian is one of China’s richest man with more than $23 billion personal fortune. In 2023 November, He Xiangjian son (He Jianfeng) is buying one of China’s top sofa & chair maker Jason Furniture for $1.4 billion. He Jianfeng will be doing the acquisition via his investment firm Infore Group. He Xiangjian is also a Board Director at Midea Group.
China Securities Regulatory Commission Sent Enquiry of Impact of Midea Group Share Price on Shenzhen Stock Exchange after $67 Billion China Appliance Giant Midea Group Filed for Hong Kong IPO in 2nd Application after 1st Filing in 2023 October, Founded by He Xiangjian with 23 Beijiao Residents in 1968 with CNY 5,000, Registered Midea Trademark in 1981
30th May 2024 – The China Securities Regulatory Commission (CSRC) has sent an enquiry of impact of Midea Group share price on Shenzhen Stock Exchange after the China appliance giant Midea Group (4/5/24: $67 billion market capitalization) filed for a Hong Kong IPO (Initial Public Offering) in a 2nd application (early May 2024), after 1st filing in 2023 October. Midea Group is founded by He Xiangjian with 23 Beijiao residents in 1968 with CNY 5,000, registering the Midea Trademark in 1981. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, large and small kitchen appliances, water appliances, floor care and lighting. He Xiangjian is one of China’s richest man with more than $23 billion personal fortune. In 2023 November, He Xiangjian son (He Jianfeng) is buying one of China’s top sofa & chair maker Jason Furniture for $1.4 billion. He Jianfeng will be doing the acquisition via his investment firm Infore Group. He Xiangjian is also a Board Director at Midea Group.
$67 Billion China Appliance Giant Midea Group Files for Hong Kong IPO in 2nd Application after 1st Filing in 2023 October, Founded by He Xiangjian with 23 Beijiao Residents in 1968 with CNY 5,000, Registered Midea Trademark in 1981
4th May 2024 – China appliance giant Midea Group ($67 billion market capitalization) has filed for a Hong Kong IPO (Initial Public Offering) in a 2nd application, after 1st filing in 2023 October. Midea Group is founded by He Xiangjian with 23 Beijiao residents in 1968 with CNY 5,000, registering the Midea Trademark in 1981. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, large and small kitchen appliances, water appliances, floor care and lighting. He Xiangjian is one of China’s richest man with more than $23 billion personal fortune. In 2023 November, He Xiangjian son (He Jianfeng) is buying one of China’s top sofa & chair maker Jason Furniture for $1.4 billion. He Jianfeng will be doing the acquisition via his investment firm Infore Group. He Xiangjian is also a Board Director at Midea Group.
$54 Billion China Appliance Giant Midea Group Founder He Xiangjian Son He Jianfeng to Buy Jason Furniture for $1.4 Billion, He Jianfeng to Buy via Investment Firm Infore Group
11th November 2023 – China appliance giant Midea Group ($54 billion market capitalization) founder He Xiangjian son (He Jianfeng) is buying one of China’s top sofa & chair maker Jason Furniture for $1.4 billion. He Jianfeng will be doing the acquisition via his investment firm Infore Group. He Xiangjian is also a Board Director at Midea Group. In late September 2023, Midea Group filed for a Hong Kong IPO (Initial Public Offering). Midea Group is founded by He Xiangjian with 23 Beijiao residents in 1968 with CNY 5,000, registering the Midea Trademark in 1981. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, large and small kitchen appliances, water appliances, floor care and lighting. He Xiangjian is one of China’s richest man with more than $23 billion personal fortune.
$54 Billion China Appliance Giant Midea Group Files for Hong Kong IPO, Founded by He Xiangjian with 23 Beijiao Residents in 1968 with CNY 5,000, Registered Midea Trademark in 1981
23rd September 2023 – China appliance giant Midea Group ($54 billion market capitalization) has filed for a Hong Kong IPO (Initial Public Offering). Midea Group is founded by He Xiangjian with 23 Beijiao residents in 1968 with CNY 5,000, registering the Midea Trademark in 1981. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, large and small kitchen appliances, water appliances, floor care and lighting. He Xiangjian is one of China’s richest man with more than $23 billion personal fortune.
$54 Billion China Appliance Giant Midea Group Files for Hong Kong IPO, Founded by He Xiangjian with 23 Beijiao Residents in 1968 with CNY 5,000, Registered Midea Trademark in 1981
Midea Group
Midea Group is a Fortune 500 company, with robust business growth across multiple sectors. We believe in humanizing-technology, which means we provide customized solutions based on our deep understanding of human nature, enabled by the joint forces of 52 years manufacturing excellence and global leading robotic and automation technology. We go above and beyond to embrace the future, constantly exploring and inventing to meet the ever-changing demand of our customers and consumers.
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