HONG KONG -- Chinese home appliance maker Midea Group's stock jumped in its debut on the Hong Kong Exchange on Tuesday, after the ailing bourse's largest new share offering this year raised nearly $4 billion.
Markets
Midea shares rise 8% in Hong Kong after $4bn offering
Chinese appliance maker expands issuance as bourse leans on mainland companies
Midea Chairman and CEO Fang Hongbo, right, hits the ceremonial gong as the appliance maker's shares begin trading in Hong Kong on Sept. 17. (Photo by Kenji Kawase)
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