Germany listing set for Qingdao Haier

Home appliances maker targets $900m valuation from public float of 400m shares

Qingdao Haier Co Ltd announced on Friday it is moving ahead with plans to list on the China Europe International Exchange's D-Shares Market in Frankfurt, making Haier, which is one of the world's largest home appliances makers, the first Chinese company with such a plan.

According to Haier's announcement, it will sell up to 400 million euro-denominated D-Shares.