{"id":10727,"date":"2020-12-02T16:04:26","date_gmt":"2020-12-02T08:04:26","guid":{"rendered":"http:\/\/www.whatchina.cn\/?p=10727"},"modified":"2020-12-02T16:04:26","modified_gmt":"2020-12-02T08:04:26","slug":"xiaomi-suspended-trading-in-hong-kong-today","status":"publish","type":"post","link":"https:\/\/www.whatchina.cn\/xiaomi-suspended-trading-in-hong-kong-today.html","title":{"rendered":"Xiaomi Suspended Trading In Hong Kong Today"},"content":{"rendered":"<div class=\"37c28470d9d6d3cb9ff74e663adb766a\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3594734025006597\"\r\n     crossorigin=\"anonymous\"><\/script>\n<\/div>\n<p>China&#8217;s second-largest smartphone maker Xiaomi Group suspended trading of its Hong Kong stocks after completing the largest additional issuance in Hong Kong on record.<br \/>\nThis morning, Xiaomi Group issued an announcement stating that the company&#8217;s shares and bonds will be temporarily suspended from trading at 9:01 am on December 2, and all structured products related to the company will also be temporarily suspended.<br \/>\nIn this regard, Xiaomi replied: No comment.<br \/>\nAccording to a report by Bloomberg on December 1, a document obtained by it shows that Xiaomi will issue 1 billion additional shares to raise US$3.1 billion. The issue price per share ranges from HK$23.7 to HK$24.5, compared with the closing price of HK$26.15 on Monday. Discounts of 9.4% and 6.4%.<br \/>\nThe terms obtained by Bloomberg show that Xiaomi also seeks to raise US$855 million through a seven-year convertible bond, which is 55% higher than the issue price of the rights issue. The proceeds will be used to grab market share from rival Huawei.<br \/>\nThis year, Xiaomi&#8217;s stock price has been rising, up 146% from a year ago. According to a research report released by Gartner on December 1, in the third quarter of this year, Xiaomi surpassed Apple for the first time in sales of 44.4 million units, ranking third in the world.<br \/>\nUnder the US sanctions on Huawei, Xiaomi is still trying to seize Huawei&#8217;s overseas high-end market share. This morning, Xiaomi said that it will launch the Qualcomm Snapdragon 888 processor for the world&#8217;s premiere of the new Xiaomi 11 mobile phone in 2021.<\/p>\n<div class=\"37c28470d9d6d3cb9ff74e663adb766a\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3594734025006597\"\r\n     crossorigin=\"anonymous\"><\/script>\n<\/div>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>China&#8217;s second-largest smartphone maker Xiaomi Group suspended trading of its Hong Kong stocks after completing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[272],"tags":[],"class_list":["post-10727","post","type-post","status-publish","format-standard","hentry","category-today"],"_links":{"self":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/posts\/10727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/comments?post=10727"}],"version-history":[{"count":0,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/posts\/10727\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/media?parent=10727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/categories?post=10727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatchina.cn\/wp-json\/wp\/v2\/tags?post=10727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}