Midea out of MSCI indices as foreign ownership cap hit

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Midea out of MSCI indices as foreign ownership cap hit

Rebecca Feng
January 22, 2020 08:00 AM
Midea_PA_230x150_22Jan20
--FILE--People visit the stand of Midea during the Appliance & Electronics World Expo 2019 (AWE 2019) in Shanghai, China, 15 March 2019. Midea Group, a leading home appliances maker in China, has reported a net profit growth of 16.6 percent year-on-year in the first quarter of 2019, according to its financial statement released Monday. (Photo by dycj - Imaginechina/Sipa USA) | Imaginechina/SIPA USA/PA Images

Midea Group Co became the second Chinese company to be removed from the MSCI China All Shares Indexes and the MSCI Global Standard Indexes after its foreign ownership reached 28%.

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