Friday, December 28, 2007

Learn mandarin - Light Industry: Haier affiliate does not plan HK listing

BIZCHINA / Biz Media Digest

Light Industry: Haier affiliate does not plan HK listing

(Shenzhen Daily)
Updated: 2006-10-25 14:42

Haier Electronics Group Co. Ltd., the Hong Kong-listed arm of China��s
largest appliance maker, on Monday played down media speculation that its
long-planned acquisition of a stake in a Shanghai-listed sister firm was
in doubt.

Haier Electronics, which makes top-loading washing machines, also said
that its target, Qingdao Haier Co. Ltd., had no plans to list in Hong
Kong �� a move that could split investor attention for one of China��s
best-known consumer brands globally, but which still lacks a listed
flagship.

(For more biz stories, please visit Industry Updates)

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