Talks are still ongoing and no final decisions have been made, the people said.
Chinese appliance giant Midea Group is poised to raise US$4 billion ($5.20 billion) in its Hong Kong listing in an enlarged deal that will be priced at the top of the marketed range, people familiar with the matter said, in a show of demand for the city’s biggest share sale in three years.
The Foshan, China-based company plans to sell shares at HK$54.80 ($9.13) apiece, the people said, asking not to be identified because the discussions are private. The listing is scheduled to take place in Hong Kong on Tuesday. Midea is set to sell 566 million shares after exercising an option to boost the size of the offering due to strong demand, the people said.
