Midea targets bigger footprint in washers

Arm Little Swan's recast, halt in share trade aimed at overcoming sluggish sales

Midea Group, a Chinese home appliances maker, plans to restructure its assets that include subsidiary Wuxi Little Swan Co, a washing machine maker, so as to strengthen the business segment.

In September, Midea and Little Swan both released statements saying they would suspend trading in their stocks from Sept 10.