Market Chatter: Hillhouse, Singapore's GIC Seen to Invest in Midea Hong Kong IPO

MT Newswires

Sep 12, 2024

Alternative asset manager Hillhouse Investment is seen to invest $1 billion in Midea Group's (HKG:0300, SHE:000333) initial public offering while Singaporean sovereign wealth fund GIC is seen to invest $500 million, Bloomberg News reported Wednesday, citing people familiar with the matter.

Aside from Hillhouse and GIC, Singapore's Temasek Holdings is also negotiating to purchase shares in the IPO, the report said.

The IPO is seen to raise up to $3.5 billion in the city's largest IPO in more than three years, the report said.

Pricing is set for Friday, and shares are seen to begin trading on Sept. 17.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1781817850.SGD","symbol_name":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2466242925","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466242925","pubTimestamp":1726127615,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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