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Xiaomi Group: Co-founder Lin Bin Plans to Reduce Holdings by Up to US$2 Billion in Stocks
11 hour ago /
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Author：小编
Xiaomi Group announced that Lin Bin, the company's co-founder, executive director, and vice chairman, plans to sell, starting from December 2026 and in compliance with relevant laws, regulations, and the requirements of the Hong Kong Stock Exchange's securities listing rules, no more than US$500 million worth of the company's Class B ordinary shares every 12 months, with a cumulative total sale amount not exceeding US$2 billion. The proceeds from Lin Bin's share reduction will primarily be used to establish an investment fund company.
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