Annto drives out from Midea’s shadow with Hong Kong IPO
The behind-the-scenes provider of supply chain logistics services for manufacturers has an impressive revenue base, but it operates on paper-thin profit margins Key Takeaways: Annto has filed for a Hong…
BRIEF: Midea Group posts rising profit and revenue in third quarter
Home appliance manufacturer Midea Group Co. Ltd. (0300.HK, 000333.SZ) said on Wednesday that it’s revenue climbed 10% year-on-year to 111.9 billion yuan ($15.76 billion) in the third quarter, with net profit…
Midea boosts European footprint in its globalization drive
The home appliance maker has acquired German brand Teka, whose products are used in half of all Spanish households Key Takeaways: Midea has completed its acquisition of Teka, adding a…
BRIEF: Midea buys back 550 million yuan of A-shares in April
Home appliance manufacturer Midea Group Co. Ltd. (0300.HK, 000333.SZ) said on Tuesday that it spent around 554 million yuan ($76 million) to repurchase 7.74 million of its Shenzhen-listed A-shares in…
CATL to recharge its offshore output with new shares
The world’s leading maker of electric car batteries has filed for a secondary listing in Hong Kong, aiming to boost its production capacity outside China Key Takeaways: The company said…
BRIEF: Midea stock rises in Hong Kong trading debut
Shares of home appliance maker Midea Group Co. Ltd. (0300.HK; 000333.SZ) rose in their Hong Kong trading debut on Tuesday, complementing the company’s existing listing in Shenzhen. The stock opened…
BRIEF: Midea launches IPO that could become Hong Kong’s biggest this year
Home appliance maker Midea Group Co. Ltd. (0300.HK; 000333.SZ) launched its Hong Kong IPO on Monday, a deal that could become the city’s largest this year. The company set a…