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XIAOMI ADR Slumps 5.8% vs Ytd's HK Closing Price
Recommend 18 Positive 46 Negative 22 |
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XIAOMI-W (01810.HK) (XIACY.US) saw its ADR decline, closing at USD34.53, down 1.7%. This equates to HKD53.7, representing a 5.8% slump from its closing price of HKD57 in Hong Kong on the previous trading day (24th). XIAOMI-W announced a top-up placing of 800 million shares of the company, representing 3.1% of the enlarged share capital (1.2% of voting rights), at a price of HKD53.25 per share. The price reflects a discount of 6.6% from the closing price yesterday. The net proceeds from the placing amounted to HKD42.5 billion, primarily for the acceleration of its business expansion; investments in research and development to further advance its technological capabilities; and other general corporate purposes. AAStocks Financial News |
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