Appliance giant considers listing on Frankfurt bourse

Qingdao Haier Co Ltd, the listed arm of home appliance giant Haier Group Corp, said on Friday that it is studying the feasibility of issuing D-shares in Frankfurt, with no specific plans yet, after media reported that the company plans to be among the first Chinese companies to be listed in Germany.

Reuters reported the Qingdao-based Haier is planning to sell so-called D-shares in Frankfurt, according to people with direct knowledge of the process.

While the size of Haier's share offering has not been finalized, it would likely reach about 1 billion euros ($1.2 billion), the report said.