Financial News
Written by: Huang Jie and Xu Shihao
2020-12-02 09:07
Last update date: 2020-12-02 11:46
【Update Group Announcement】
Xiaomi Group (1810) issued an announcement at 11:34 am, referring to the company’s shares and bonds being temporarily suspended on the main board of the Stock Exchange at 9:01 am today (2nd) pending the publication of the issuance of convertible shares under the general mandate Announcement on bonds and placement of existing shares and subscription of shares under general mandate.
The Hong Kong stock market opened and Xiaomi suspended trading. As of 9:09 in the morning, the Hong Kong Stock Exchange disclosed that there was no announcement by the Exchange, and the reason is temporarily unknown.
Yesterday’s market circulated documents revealed that Xiaomi plans to issue 1 billion shares, which will be placed in a first-for-new basis, at 23.7 to 24.5 yuan per share, raising US$3.06 billion to US$3.16 billion, equivalent to HK$23.7 billion to 24.5 billion.
Based on yesterday's closing price of RMB 26.15, the placing price discounted from 6.3% to 9.4%.
Xiaomi
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