BlackRock Boosts Stake in Midea Group with HK$197 Million Share Purchase

Stock News

09/03

Hong Kong stock exchange filings reveal that on August 31, BlackRock increased its holdings in Midea Group Co.,Ltd. (HKEX: 00300) by 1,939,114 shares.

The acquisition was executed at an average price of HK$101.403 per share, bringing the total transaction value to approximately HK$197 million.

Following this latest purchase, BlackRock's total shareholding in Midea Group now stands at approximately 32.6505 million shares, representing a 5.02% stake in the company.

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