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Chinese home appliance giant Midea Group said it has decided to issue overseas shares to list on the Main Board of the Hong Kong Stock Exchange.
The company is actively conducting discussions with intermediaries about the listing, with details yet to be finalized, it said.
Last month, Midea had announced that it was conducting preliminary discussions regarding the overseas issuance of securities and listing in Hong Kong. The new shares to be issued would account for no more than 10% of enlarged capital, Midea, already listed in the Shenzhen stock exchange, it said at the time.
It had been reported at the time that the company had selected Bank of America and China International Capital Corporation to arrange its listing, aiming for a listing as soon as next year.