<p>Jin10 Data reported on March 24th that according to a list of terms seen by Reuters, Xiaomi Corporation (01810.HK) will raise up to $5.27 billion (HKD 41 billion) through a placement of existing shares on Monday, specifically for business expansion, research and technology development investments, and general corporate purposes. It is reported that Xiaomi is placing 750 million Class B shares, with a placement price range of HKD 52.80-54.60, representing a discount of 4.2-7.4% compared to the company's closing price of HKD 57 on Monday. Electric vehicle manufacturer BYD raised $5.59 billion (HKD 43.5 billion) in its largest placement in Hong Kong in four years this month, with BYD Company Limited (01211.HK) shares falling 6.77% on the same day. Xiaomi's placement adds to the surge of Chinese companies engaging in equity capital market transactions</p>

XIACY

01810

<p>According to a list of terms seen by Reuters, Xiaomi Corporation will raise up to USD 5.27 billion (HKD 41 billion) on Monday through a method of issuing new shares after old ones, specifically for business expansion, research and technology development investments, and general corporate purposes. It is reported that Xiaomi is issuing 750 million Class B shares, with a placement price range of HKD 52.80-54.60, representing a discount of 4.2-7.4% compared to the company's closing price of HKD 57 on Monday. Electric vehicle manufacturer BYD raised USD 5.59 billion (HKD 43.5 billion) this month in the largest placement in Hong Kong in four years, with BYD shares falling 6.77% on that day. Xiaomi's placement adds to the surge of Chinese companies engaging in equity capital market transactions</p>

It is reported that Xiaomi has launched a massive stock placement of up to HKD 41 billion