Xiaomi Group Boosts Stake in Kingsoft Software via Open Market Purchases, Elevating Shareholding to 5.39%
12 hour ago / Read about 0 minute
Author:小编   

On June 8, equity disclosure data from the Hong Kong Stock Exchange revealed that Xiaomi Group had augmented its stake in Kingsoft Software through open market transactions. By the close of trading on that day, Xiaomi Group's ownership stake in Kingsoft Software had climbed to 5.39%. This strategic move inadvertently raised Lei Jun's personal shareholding proportion in Kingsoft Software as well. It is crucial to clarify that Lei Jun's increased equity was not a result of his direct acquisition of Kingsoft Software shares; instead, it was an indirect consequence stemming from Xiaomi Group's enlarged stake, given Lei Jun's role as the de facto controller of Xiaomi Group.

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