Haier Smart Home plans to privatize its Hong Kong-listed subsidiary, Haier Electronics, for about US$11.4 billion as part of a material asset restructuring that will create a first for a Chinese business.
Haier Smart Home, which currently trades on the Shanghai and Frankfurt stock exchanges, will list on the Hong Kong stock exchange, and Haier Electronics shareholders will receive newly issued H shares of the parent. The Hong Kong listing will make Haier Smart Home the first Chinese business to trade on all three bourses.
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