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XIAOMI-W's Wang Hua: HK Shr Issuance Definitely Not Major Shareholders Cutting Holdings
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In response to earlier reports about Xiaomi's new round of financing through issuance, Wang Hua, general manager of the public relations department of XIAOMI-W (01810.HK), noted that the market rumors saying Lei Jun was leading the reduction of Xiaomi stock holdings were a misunderstanding of the most common operations in the Hong Kong stock market. Wang explained that in a Hong Kong stock issuance, major shareholders will first allocate their own shares to independent third-party investors, and then the company will issue the same number of new shares to the major shareholders, which can significantly shorten the transaction process. As a result, an operation like this was definitely not a reduction of stock holdings by major shareholders. AAStocks Financial News |
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