Midea Real Estate Holding Limited Successfully Listed On the Main Board of the Stock Exchange of Hong Kong

Product name:Midea Real Estate Holding

2018/10/12 update

Industry:Daily News

Focus on property development, and strive to become one of the leading developers in the PRC

HONG KONG, Oct 11, 2018 - (ACN Newswire) - A large renowned national property developer in the PRC - Midea Real Estate Holding Limited ("Midea Real Estate" or the "Company", together with its subsidiaries, the "Group", stock code: 3990), was successfully listed and commenced trading on the Main Board of the Stock Exchange of Hong Kong Limited ("SEHK" or "Hong Kong Stock Exchange") at 9:30am today, with a board lot of 200 Shares.

Mr. Hao Hengle, Chairman, Executive Director and President of Midea Real Estate Holding Limited, said, "We are very grateful for the support and attention from all the investors. Getting listed on the Hong Kong Stock Exchange is an important milestone in the Company's development. Listing in Hong Kong does not only allow the Company to enter into the international capital market but also provide sufficient funds for the long-term development of the Company to grasp future development opportunities in the industry. In the future, the Group will further enhance the core competitiveness and its competitive advantages. It will also continue to focus on property development, execute regional "deep-penetration" strategy, strategically expand the investment property portfolio, continue to enhance one-stop Smart Home and living solutions, and enter the prefabricated construction industry which has synergies with the property development business, strive to become one of the leading developers in the PRC, and to create the greatest value for the shareholders."

Mr. Hao Hengle concluded, "The listing of Midea Real Estate today marked an important milestone for the Company's entry into the international capital market. We are honored to receive enthusiastic support from international investors during the global offering. With our leading market position and long-term innovative growth strategy, Midea Real Estate will be able to capture these opportunities and explore new business opportunities and markets."

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