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 a move that could split investor attention for one of China¡¯s
best-known consumer brands globally, but which still lacks a listed
flagship.
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