Midea plans share float to raise funds
By Tang Zhihao | China Daily | Updated: 2009-07-28 08:13
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An importer visits the Midea booth at Canton Fair. The company got clearance to float 189 million new shares worth about 3.27 billion yuan. CFP |
SHANGHAI: Midea, the country's largest air-conditioner maker, has got approval from the China Securities Regulatory Commission (CSRC) to relaunch its capital raising scheme that has been put on hold since early 2008.
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