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Trading in Xiaomi shares halted pending share sale, bond issue statement

The Beijing-based company said the shares were suspended pending an announcement regarding an issue of convertible bonds and placing of existing shares and top-up subscription of shares under a general mandate

twitter-logoReuters | December 2, 2020 | Updated 12:53 IST
Trading in Xiaomi shares halted pending share sale, bond issue statement

Trading in shares of Xiaomi Corp was halted on Wednesday on the company's request pending a statement, the Chinese smartphone maker said in a filing to the Stock Exchange of Hong Kong.

The Hong Kong bourse had issued a notice of the suspension before the market opened but gave no details.

The Beijing-based company said the shares were suspended pending an announcement regarding an issue of convertible bonds and placing of existing shares and top-up subscription of shares under a general mandate. It gave no further details.

Xiaomi has raised $3.91 billion as part of a deal that includes Hong Kong's largest top-up placement and a convertible bond deal, according to a term sheet seen by Reuters.

Also read: Xiaomi raises $3.9 billion in deal with Hong Kong's largest top-up placement

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