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China's Xiaomi to raise $5.5 billion in placement for business expansion

Reuters
2025/03/25
China's Xiaomi to raise $5.5 billion in placement for business expansion

March 25 (Reuters) - China's Xiaomi Corp 1810.HK said on Tuesday it is looking to raise an aggregate of HK$42.6 billion ($5.48 billion) via a placement in a bid to accelerate business expansion.

The shares will be priced at HK$53.25 per share, the company said in its statement.

($1 = 7.7742 Hong Kong dollars)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Pooja Desai)

((Shivangi.Lahiri@thomsonreuters.com;))

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