Qingdao Haier's Board of Directors reviewed and approved the "Qingdao Haier Co., Ltd. Proposal for the Company's initial public offering of shares and listing on the China Europe International Exchange D-share market."
Specific contents: To promote the company's business development and further promote the company's globalization strategy, the company intends to make initial public offerings and listings on the China Central E-Stock Exchange's D-share market (hereinafter referred to as 'China Europe International Exchange's D-share market'). This issuance and listing will be achieved through the access and listing of the Frankfurt Stock Exchange. China Europe International Exchange Corporation Limited is a joint stock company established by the Shanghai Stock Exchange, the Deutsche Boerse Group and the China Financial Futures Exchange. Deutsche Börse The Group is the main body of operations of the Frankfurt Stock Exchange. The rules of the listing and trading of the Frankfurt Stock Exchange apply to the D-share market of the China Europe International Exchange.
Qingdao Haier said that the motion still needs to be submitted to the company's shareholders meeting for deliberation.
Type and denomination of the issued stock
The shares issued this time are issued to qualifying investors and issued on the China Europe International Exchange's D-share market, and foreign-listed foreign shares (D-shares) traded on the Frankfurt Stock Exchange. Overseas-listed foreign shares are ordinary shares. Marked denominations in RMB, foreign currency subscription, nominal value per share is RMB 1.
publish time
The company will select the appropriate timing to complete the issuance and listing within the validity period of the resolution of the general meeting of shareholders. The specific issuance time will be determined by the shareholders meeting authorizing the board of directors and authorized persons of the board of directors to make decisions based on the status of the international capital market and the progress of domestic and foreign regulatory authorities.
Issue size
Subject to regulatory requirements such as the minimum issuance ratio of the company's stocks listed on the market, combined with the company’s capital requirements for business development in the future, the number of D shares issued this time will not exceed 400 million shares (before the execution of the over-allotment rights), and bookkeeping may be granted. The Manager shall not exceed the above-mentioned over-allotment rights of 15% of the issued D-shares. The final issuance amount shall be submitted to the general meeting of shareholders for authorization of the Board of Directors and authorized persons of the Board of Directors in accordance with the law, the approval of the regulatory authority and the determination of the market conditions.
Issue object
The issuance of this D-share is planned to be conducted globally and issued for qualified global investors.
Pricing method
The issue price will fully consider the interests of the company’s existing shareholders, investor acceptance ability and issuance risk, etc. In accordance with international practice, through the order demand and bookkeeping, according to the situation of the domestic and foreign capital markets at the time of issuance, reference will be made to comparable companies. The valuation of domestic and foreign markets determines the issue price.
The principle of sale
The placing targets and placing quotas of the International Placing will be determined based on cumulative orders, taking full account of various factors, including but not limited to: overall over-subscription multiples, quality of investors, importance of investors and performance in past transactions, investment The time of the order, the size of the order, the sensitivity of the price, the degree of participation in the pre-road show, the forecast of the investor's future market behavior, etc.
This morning, Qingdao Haier's share price rose by 0.28% to 18.04 yuan, with a total market value of approximately 109.997 billion yuan.