DGAP-Adhoc: Qingdao Haier sets Offer Price for D-Shares at EUR 1.05 per share

2018. október 19., péntek, 13:47

DGAP-Ad-hoc: Qingdao Haier Co.,Ltd. / Key word(s): IPO

Qingdao Haier sets Offer Price for D-Shares at EUR 1.05 per share

19-Oct-2018 / 13:47 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Qingdao Haier sets Offer Price for D-Shares at EUR 1.05 per share

Qingdao / Shanghai / Frankfurt, 19 October 2018 - Qingdao Haier Co., Ltd. (SHA: 600690, "Qingdao Haier" or "the Company"), today set the final offer price at EUR 1.05 per D-Share in connection with its D-Share listing on the China Europe International Exchange AG D-Share Market (CEINEX D-Share Market) through admission to trading on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard).

In connection with the offer, 304,750,000 D-Shares were placed with investors, consisting of 265,000,000 D-shares from a base-deal offering and 39,750,000 D-Shares in connection with an over-allotment, and expects to generate total gross proceeds of approximately EUR 278.25 million (equivalent to RMB 2,211.61 million)[1] before exercise of the greenshoe option, with potential for an additional EUR 41.74 million (equivalent to RMB 331.74 million)1 in gross proceeds, if the greenshoe option is fully exercised.

The D-Shares of the Company are expected to start trading on October 24, 2018. For the D-Shares the international securities identification number (ISIN) will be CNE1000031C1.


[1] With a conversion rate of 7.9483 RMB to 1 Euro.

Investor relations contact:

Yao Sun (Sophie)

Qingdao Haier Germany

M: +49 160 9469 3601


Information and Explanation of the Issuer to this News:

About Qingdao Haier Co., Ltd. (SSE: 600690):

Qingdao Haier is a leading global household appliance manufacturer with a focus on smart home and mass customisation solutions for consumers. Qingdao Haier designs, manufactures and sells a wide range of household appliances including refrigerators, freezers, washing machines, air-conditioners, water heaters, kitchen appliances and small household appliances under a global portfolio of leading household appliance brands including Haier, GE Appliances, Fisher & Paykel, AQUA, Casarte and Leader. As the leading smart home solutions provider, Qingdao Haier has developed three platforms; U+ Smart Life (a cloud-based provider of integrated smart home solutions), COSMOPlat (a customer-oriented industrial internet platform that allows for mass customisation) and Shunguang (a platform that facilitates the integration of Haier"s online, offline and micro-store businesses and promotes user interaction to further enhance the user experience).

Qingdao Haier has been the top selling major household appliances company in the world in terms of total global retail volume for seven consecutive years from 2011 to 2017, with a global market share of 13.3% in terms of retail sales volume in 2017, according to Euromonitor. According to the same source, Qingdao Haier was also the top seller in refrigeration appliances, home laundry appliances and interconnected air-conditioners in terms of global retail volume in 2017.

19-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Qingdao Haier Co.,Ltd.

Haier Industrial Park, Laoshan District

266101 Qingdao

Phone: +86 532 8893 1670
E-mail: finance@haier.com
ISIN: CNE1000031C1
Listed: Regulated Unofficial Market in Berlin

End of Announcement DGAP News Service

735515  19-Oct-2018 CET/CEST

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