- ISIN CNE1000031C1
- Country China
Haier Smart Home Co.,Ltd.
Qingdao Haier Co., Ltd. successfully listed on the CEINEX D-Share Market today
|
DGAP-News: Qingdao Haier Co.,Ltd. / Key word(s): IPO Qingdao Haier Co., Ltd. successfully listed on the CEINEX D-Share Market today – First official listed price at EUR 1.06 Euro, slightly above final placement price at EUR 1.05. – Total gross proceeds amounted to EUR 278.25 million (equivalent to RMB 2,215.9 million)2 from base deal, with potential for an additional approx. EUR 41.74 million (equivalent to RMB 332.4 million)2, if the greenshoe option is fully exercised. – The total number of share outstanding of Qingdao Haier will increase from 6,097.40 million A-shares by 265.0 million D-Shares to a total of 6,362.40 million A- and D-Shares before exercise of the greenshoe option. – The listing shall further implement the globalization strategy backed by multiple funding resources to boost new growth drivers.
Qingdao / Shanghai / Frankfurt, 24 October 2018 – Qingdao Haier Co., Ltd. (SHA: 600690, “Qingdao Haier” or “the Company“), a Chinese household appliance producer that ranks as the No.1 major household appliances company in the world by retail volume[1] and already listed in Shanghai (A-Shares), was successfully listed today on China Europe International Exchange AG D-Share Market (the “CEINEX D-Share Market”) through admission to trading on the regulated market segment of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) and, simultaneously, on the sub-segment of the regulated market with additional post-admission obligations (Prime Standard). Qingdao Haier is now the first company listed in the CEINEX D-Share Market. The first official listed price was announced at 9:23 a.m. today and stood at EUR 1.06, which is slightly above the final placement price of EUR 1.05. As expected the Company was able to place all 304,750,000 D-Shares with investors, consisting of 265,000,000 D-shares from a base-deal offering and 39,750,000 D-Shares in connection with an over-allotment. Total gross proceeds amounted to EUR EUR 278.25 million (equivalent to RMB 2,215.90 million)2 before exercise of the greenshoe option, with potential for an additional EUR 41.74 million (equivalent to RMB 332.40 million)2 in gross proceeds if the greenshoe option is fully exercised. A European capital markets listing is an important part of Qingdao Haier’s globalisation strategy. By having a presence in Germany via a listing of D-Shares, Qingdao Haier intends to draw on capital markets to diversify its funding sources, optimise its capital structure and expand its investor base. Qingdao Haier also expects to leverage the D-Share listing to promote global recognition of its brand and to support the further expansion of its global footprint, including in the European home appliances market. The successful listing on the CEINEX D-Share Market is an important step towards further implementing Qingdao Haier’s globalization strategy through access into European capital markets, and thus anchors future growth for Qingdao Haier. The Company is very honored to receive wide support from new investors across the world and intends to continue to expand globally, to strengthen its presence in Europe, and to continue to enhance Haier brand value through technology innovation and new product development. For the D-Shares the international securities identification number (ISIN) is CNE1000031C1 and the German stock code is 690D. Retail investors that placed orders with syndicate banks were allocated approximately 0.1% of the total placement volume of, in aggregate, 304,750,000 D-shares (including 39,750,00 D-shares in connection with over-allotments). All orders placed by retail investors with syndicate banks were allocated according to the following allocation key: each retail order was allocated in full. The principles for the allocation of shares to retail investors issued by the ministry of finance’s stock exchange expert commission were followed and the allocation to retail investors in connection with the offering followed the same criteria for Germany-based syndicate banks and their affiliated institutions. [1] According to retail sales statistics on the major appliances by Euromonitor, Haier had a global market share of 13.3% in terms of retail volume in 2017, making it the top selling household appliances company in the world for the seventh consecutive year. 2 With a conversion rate of 7.9637 RMB to 1 Euro. Note for journalists: Pictures of the listing ceremony and bell ringing will be available soon. Please let us know, if you would like to receive pictures. About Qingdao Haier Co., Ltd. (SSE: 600690; ISIN: CNE1000031C1): Qingdao Haier is a leading global household appliance manufacturer with a focus on smart home and mass customisation solutions for consumers. Qingdao Haier designs, manufactures and sells a wide range of household appliances including refrigerators, freezers, washing machines, air-conditioners, water heaters, kitchen appliances and small household appliances under a global portfolio of leading household appliance brands including Haier, GE Appliances, Fisher & Paykel, AQUA, Casarte and Leader. As the leading smart home solutions provider, Qingdao Haier has developed three platforms; U+ Smart Life (a cloud-based provider of integrated smart home solutions), COSMOPlat (a customer-oriented industrial internet platform that allows for mass customisation) and Shunguang (a platform that facilitates the integration of Haier’s online, offline and micro-store businesses and promotes user interaction to further enhance the user experience). Qingdao Haier has been the top selling major household appliances company in the world in terms of total global retail volume for seven consecutive years from 2011 to 2017, with a global market share of 13.3% in terms of retail sales volume in 2017, according to Euromonitor. According to the same source, Qingdao Haier was also the top seller in refrigeration appliances, home laundry appliances and interconnected air-conditioners in terms of global retail volume in 2017.
Media Contact: UK Yao Sun (Sophie) – Qingdao Haier Germany Not for distribution, directly or indirectly, in the United States, Australia, Canada or Japan. These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada or Japan. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada or Japan. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States, except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities in the United States. This communication is only being distributed to and is only directed at (i) persons who are outside the European Economic Area or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. This publication constitutes neither an offer to sell nor a solicitation to buy any securities. The securities have already been sold. This document is not a prospectus for the purposes of Directive 2003/71/EC, as amended by Directive 2010/73/EU (the “Prospectus Directive”), but an advertisement and as such does not constitute an offer to sell or the solicitation of an offer to purchase shares of Qingdao Haier Co., Ltd. Investors should not subscribe for any shares referred to in this document except on the basis of the information contained in the prospectus relating to the shares. A prospectus has been published and investors can obtain a copy of it from Qingdao Haier Co., Ltd., Hewlett-Packard-Str. 4, 61352 Bad Homburg, Germany and on www.haier.net. In any EEA Member State other than Germany and Luxembourg that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at “qualified investors” in that Member State within the meaning of Article 2(1)(e) of the Prospectus Directive. MiFID II Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II“); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements“), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “Target Market Assessment“). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares may decline and investors could lose all or part of their investment; the shares offer no guaranteed income and no capital protection; and an investment in the shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the offering. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares. Each distributor is responsible for undertaking its own target market assessment in respect of the shares and determining appropriate distribution channels.
24.10.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
| Language: | English |
| Company: | Qingdao Haier Co.,Ltd. |
| Haier Industrial Park, Laoshan District | |
| 266101 Qingdao | |
| China | |
| Phone: | +86 532 8893 1670 |
| E-mail: | finance@haier.com |
| Internet: | www.haier.net |
| ISIN: | CNE1000031C1 |
| WKN: | A2JM2W |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
| End of News | DGAP News Service |