Midea Real Estate announces strategic reorganization

Midea Real Estate Holding Limited (Hong Kong: 3990) posted an update.

Midea Real Estate Holding Limited has announced a plan to reorganize its real estate development and sales activities, offering shareholders the choice between receiving shares in a newly created entity (PrivateCo) or a cash alternative. The move aims to enable shareholders to realize their investments and reduce exposure to risks associated with the Company’s real estate development and sales activities, while allowing Midea Real Estate to focus on its retained businesses. The cash option offers a premium of 57.33% to the stock’s last closing price, presenting an attractive proposition for shareholders choosing this option.

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