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Midea Considers China Relisting for German Robotics Firm Kuka

November 24, 2021
Source: bnnbloomberg.ca bnnbloomberg.ca
News Snapshot:
(Bloomberg) -- Appliance maker Midea Group Co. is exploring a potential relisting of German robotics firm Kuka AG on an Asian stock exchange, people with knowledge of the matter said. Midea, based in the southern Chinese city of Foshan, has been speaking with potential advisers about a plan to eventually relist Kuka, according to the people. Shanghai’s Nasdaq-like Star board is among the exchanges under consideration, the people said. Shares of thinly-traded Kuka have more doubled in Frankfurt this year, giving the company a market value of about 3 billion euros ($3.4 billion). Midea already owns more than 95% of...
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Tags: appliance | bid | Bloomberg | Business | China | Chinese | delist | Foshan | Frankfurt | German | Hong Kong | IT | KONG | Kuka | listing | listings | Midea | nasdaq | overseas | robotics | share | shares | stock | stock exchange | stock market

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