Haier Appliance privatization is approved. Haier Smart Home will hit the Hong Kong Stock Exchange on December 23.

Original title: Haier Appliance privatization approved. Haier Smart Home to Land on the Hong Kong Stock Exchange on December 23

Create a global capital layout of “A + D + H”

It lasted almost half a yearHaier ZhijiaPrivatizationHaier ElectricThe plan is coming to an end. On the afternoon of December 20Haier Zhijia(600690.SH) releasedadDisclosure, privatizationHaier Electric(1169.HK) The plan was approved by the Bermuda Supreme Court on December 18 and will take effect on December 21 Bermuda time.

Once the plan goes into effect,Haier ZhijiaIt is expected to be listed on the Hong Kong Stock Exchange starting at 9am on December 23 and will be canceled at the same time.Haier ElectricIn the listing status of the Hong Kong Stock Exchange, Haier Electric will becomeHaier ZhijiaWholly owned subsidiarythe companyHaier ElectricshareholderPlan the amortization of each shareShareIn 1: 1.60Stock exchangeProportion to obtain the corresponding new issueHaier ZhijiaH shares, and Haier Electric’s payment of HK $ 1.95 for each canceled share of the plancashpayment。

With the approval of the privatization plan, it meansHaier ZhijiaThe successful construction of the “A + D + H” global capital design in China, Germany and Hong Kong will become an important milestone in Haier’s history.

Previously, some washing machines, water heaters, water purifiers and other companies were still placed on Haier’s home appliance platform, dispersing theprofitScale, leading to yourMarket valueFar behind Midea and Gree. Furthermore, due to the equity and organizational structure of the two listed companies, the effective use of resources is also reduced to some extent.

Statistics show that in the first three quarters of this year, Midea’s revenue was 216.76 billion yuan.Net profit21.36 billion; Haier Zhijia’s income is 154.412 billion, which goes to the motherNet profit6.301 million yuan; Gree’s revenue is 125,889 million, but the net profit attributable to the parent is 13,700 million, more than double that of Haier.

In terms of market value comparison, as of December 18,Midea Group89.3 yuan per share, with a total market value of 627,411 million;Gree Electric61.37 yuan per share, with a total market value of 369.185 million yuan; while Haier Zhijia is favored by the privatization plan, and the share price isLift upAfter the report was 27.66 yuan, the company’s total market value was 181.991 million, which is still far behind Midea and Gree.

“After the completion of the privatization plan and the introduction and listing of H shares, Haier Smart Home will integrate itsproductCombining to develop smart home solutions business. “Haier Zhijia revealed in a more recent report that the company has established a global operating platform, multiple R&D centers, manufacturing centers andDistributionHaier Electric will accelerate the overseas expansion of the existing washing machine, water heater and water purifier business through the aforementioned platforms and centers.

On the other hand, Haier Zhijia can simplify decision-making and accelerate preparations through this privatization, and accelerate Zhijia’s cloud experience.strategyLanding and going through the first scene of the worldBrand“Triwing Bird” takes the industry to a new stage of “alternative product scene, green cover industry”.

“In addition, Haier Smart Home, which is about to land on the Hong Kong Stock Exchange, will have broader and more diversified financing channels.investmentThis will help the company develop the smart home solutions business through a reasonable allocation of funds. “Haier Zhijia said that this plan is about to start a new journey for the company.” With the efficiency of the use of capital andOperatingWith capacity improvement, the company will gradually increase cash in 2021-2023DividendsProportion at 40%, to collect in exchange for everyoneshareholderPromise of. Haier Zhijia said.

(Source: 21st Century Business Herald)

(Responsible editor: DF532)