Haier plans listing for D shares

Source: Xinhua | 2018-04-12

HAIER Group plans to go public on the China Europe International Exchange’s D share market, the Shanghai-listed home appliance giant said yesterday.

Not more than 400 million D shares will be issued, Haier said in a statement to the Shanghai Stock Exchange. The funds raised will be used in Haier’s global expansion, according to the company.

The China Europe International Exchange, a joint venture company established by Shanghai Stock Exchange (40 percent), Deutsche Boerse Group (40 percent) and China Financial Futures Exchange (20 percent), allows international, especially European, investors to invest in Chinese shares, bonds and related products.

Regulatory approval for the listing is still pending.