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The company, which also helped fund the latest “Transformers” movie, is targeting a listing later this year.
The KL-based company may invite banks to formally pitch for a role on the deal this quarter.
Sunac, one of China’s most aggressive dealmakers, sought funds after its shares have surged about 447 percent this year. The developer last month threw Leshi Internet Information & Technology a lifeline that includes loans of about $270 million.
Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018.
The company aims to decide whether to imminently start its IPO roadshow or wait when market sentiment may be better.
Other backers include Malaysian sovereign wealth fund Khazanah, Sequoia Capital, IFC and Alibaba Entrepreneurs Fund.
KKR agreed to buy a 10% stake in Qingdao Haier in 2013 for 3.38 billion yuan ($509 million).
Chinese regulators are right to be concerned about the “very rapid run-up in consumer lending”.
The company joins snack producer GarudaFood and toilet brand Toto’s local distributor in planning to raise funds in the equity market.
Three Pillars Pte., Singapore, an affiliate of Qatar Foundation Endowment SPC, is selling as many as 199.9 million Bharti Airtel shares for 473 to 490 rupees each on Wednesday.