Haier Smart Home plans HK listing to take $7.7b unit private

Haier Smart Home plans HK listing to take $7.7b unit private

An employee pushes a cart carrying Haier Electronics Group Co. compact refrigerators inside a Lowe's Cos. store in Burbank, California, U.S., on Friday, May 19, 2017. Photographer: Patrick T. Fallon/Bloomberg

Haier, the world’s biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home list in Hong Kong to take another group company valued at $7.7 billion private, two people with direct knowledge of the matter said.