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Haier Smart Home's H-shares debut on Hong Kong Stock Exchange

(chinadaily.com.cn) | 2020-12-23

H-shares of Haier Smart Home commenced trading on the main board of the Hong Kong Stock Exchange on Dec 23, marking the completion of the restructuring of the domestic household appliance giant.

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H-shares of Haier Smart Home commence trading on the main board of the Hong Kong Stock Exchange on Dec 23. [Photo provided to chinadaily.com.cn]

Haier Electronics' listing was officially withdrawn at 9:00 am on Dec 23 as it become a wholly-owned subsidiary of Haier Smart Home.

Haier Group remains the controlling shareholder of Haier Smart Home with 35.14 percent of the total shares.

"Haier Smart Home's listing in Hong Kong is a testament to the company's confidence in the Hong Kong capital market," said Zhang Ruimin, chairman and CEO of Haier Group.

"Together with our shareholders, we are looking forward to ushering in a prosperous IoT chapter for the company in the Hong Kong capital market."

Haier Smart Home, a leader in the global home appliances industry and global pioneer in providing smart home solutions, also has A-Shares listed on the Shanghai Stock Exchange and D-Shares listed on the Frankfurt Stock Exchange.