[ET Net News Agency, 2 December 2020] Xiaomi Corporation (01810) said it has agreed to
place 1 billion shares at HK$23.7 each. The placing shares represent 4.1% of the existing
issued share capital and 1.5% of the voting rights of the company, and 4% of the enlarged
issued share capital and 1.5% of the voting rights of the company as enlarged by the
issue.
In addition, Xiaomi proposed to issue US$855 million zero-coupon guaranteed convertible
bonds (CB) due 2027. The bonds are convertible into shares at an initial conversion price
of HK$36.74 per share. The issue price is 105.25% of the principal amount of the bonds.
The company intends to use the estimated net proceeds of the placement of US$3.1 billion
and US$889.6 million from the CB issue primarily for (a) strengthening working capital for
business expansion; (b) investments to increase market share in key markets; (c) strategic
ecosystem investments and (d) other general corporate purposes. (KL)
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01810 XIAOMI-W
Nominal 
15.980 -0.540 (-3.269%) Disclosure of Interest
02/12/2020 16:44
Xiaomi (01810) places 1bn shares at HK$23.7 & issues CB
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