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MIDEA GROUP Slips ~2% as CLSA Says Proper Financing Needed Despite Ample Cash
MIDEA GROUP (00300.HK) opened 0.91% lower today and hit an intraday low of HKD83.65. It last posted at HKD86.1, down 1.82%, with turnover of 14.1289 million shares, involving HKD1....
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MIDEA GROUP Slips ~2% as CLSA Says Proper Financing Needed Despite Ample Cash
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MIDEA GROUP (00300.HK)  +0.700 (+0.823%)    Short selling $288.34M; Ratio 30.415%   opened 0.91% lower today and hit an intraday low of HKD83.65. It last posted at HKD86.1, down 1.82%, with turnover of 14.1289 million shares, involving HKD1.216 billion.

CLSA said in a research report that MIDEA GROUP's issuance of HKD17.2 billion in convertible bonds (CBs) came as a surprise to the market, given that the company holds ample cash of RMB94 billion.

The broker believed MIDEA GROUP is not short of cash, but faces operational complexities in deploying overseas capital owing to China's trade account restrictions. Its Hong Kong listing also makes overseas fundraising more convenient.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

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