It is reported that Haier is currently planning a major restructuring. In accordance with the restructuring plan, Haier Smart Home, which is already listed on the Shanghai Stock Exchange, will be listed on the Hong Kong, China Stock Exchange and privatize Haier Electric Appliance, another subsidiary of Haier Group listed on the Hong Kong, China Stock Exchange, at a price of USD7.7 billion. On the evening of December 12, Haier Smart Home issued a public notice clarifying the above rumors, saying that ''the company has not yet proposed any privatization arrangement to Haier Electric Appliance", but also said that the company is preliminary discussing the plan to privatize Haier Electric Appliance at present.