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XIAOMI-W Opens 5.5% Lower, Intends to Raise HKD42.5B Net Proceeds by Shr Placing at 6.6% Discount
Recommend 29 Positive 52 Negative 39 |
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XIAOMI-W (01810.HK) opened 5.5% lower this morning (25th) at HKD53.85, on a pre-market volume of 834 million shares, involving HKD44.454 billion. XIAOMI-W announced a top-up placing of 800 million shares of the company, representing approximately 3.1% of the enlarged share capital (about 1.2% of voting rights), at a price of HKD53.25 per share. The price reflects a discount of approximately 6.6% from the closing price of HKD57 on the previous trading day (24th). The net proceeds from the placing approximated 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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