Xiaomi Group has officially announced on the Hong Kong Stock Exchange its intention to conduct an equity placement, aiming to raise approximately RMB 39.6 billion (equivalent to approximately HK$42.5 billion), with a discount rate of roughly 6.58%. The proceeds from this placement will be allocated towards business expansion initiatives and R&D investments, among other purposes. Post-placement, Lei Jun's shareholding percentage will undergo a marginal decline to 23.4%. Xiaomi Group clarified that this strategic move is designed to broaden the shareholder base, refine the capital structure, and ensure robust financial backing for the company's sustained and healthy growth.
