China’s Midea approved to issue up to RMB 15 billion notes

By William Gullotti

Buffalo, N.Y., Dec. 2 – Midea Real Estate Holding Ltd. said indirect wholly owned subsidiary Midea Real Estate Group Co. Ltd. received regulatory approval to issue up to RMB 15 billion of medium-term notes, according to an announcement on Friday.

As previously reported on Nov. 14, the initial application was made for either RMB 5 billion or RMB 15 billion.

According to the announcement, further details were omitted to avoid a false market but will be announced as soon as practicable.

Midea operates as a holding company based in Foshan, China, and provides property management, property sales, property development and other services.

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