Chinese smartphone maker Xiaomi raised nearly $4 billion in a combined sale of shares and convertible bonds in the biggest top-up funding placement in Hong Kong, according to a filing to the city’s stock exchange.
The smartphone maker raised $3.1 billion selling shares for HK$23.70 ($3.06) each, the low end of an expected price range. That price represented a 9.4 per cent discount to Xiaomi’s closing price of HK . . .
To continue reading, please subscribe. You will get
-
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China with marking-moving information you must know. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
Already have an account? Sign In