China's Midea Group to launch at least $3b share offering in HK

China's Midea Group to launch at least $3b share offering in HK

Products of Midea are seen at a shop in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Chinese home appliance maker Midea Group plans to launch a share offering in Hong Kong to raise at least $3 billion as early as Monday, said two sources, in the city’s largest deal in more than a year.