Haier Prepares to List Over 265 Million D-Shares in Frankfurt
Liao Shumin
DATE:  Oct 15 2018
/ SOURCE:  Yicai
Haier Prepares to List Over 265 Million D-Shares in Frankfurt Haier Prepares to List Over 265 Million D-Shares in Frankfurt

(Yicai Global) Oct.15 -- Haier Group has shored up plans for a listing on Frankfurt's China Europe International Exchange and will issue 265 million shares, according to a prospectus from the Chinese white goods giant.

The prospectus has received approvals from German authorities and the shares will be priced between EUR1.00 (USD1.16) to EUR1.50. The Qingdao-based firm will also offer up to 39.8 million over-allotment shares, the document states.

With the D standing for Deutschland, D-shares are an offshore Chinese form of equity listed on the CEIE. They are the European version of the Hong Kong bourse's H-shares.

The CEINEX D-share market provides financing and listing services to issuers in China. It is part of the Frankfurt Stock Exchange's EU regulated market and follows the highest level of disclosure requirements.

The Frankfurt-based CEINEX is a joint venture co-founded by Shanghai Stock Exchange, Deutsche Boerse and the China Financial Futures Exchange in October 2015. The platform boasts a registered capital of CNY200 million (USD28.9 million), and the proportion of the three parties' investment is 40 percent, 40 percent and 20 percent respectively.

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Keywords:   Qingdao Haier Co.,IPO,Frankfurt,Germany,China Europe International Exchange AG