Xiaomi completes placement and subscription, raising HKD42.5bn

Xiaomi Corporation (HKEX:1810) has announced the completion of its placing of existing shares and top-up subscription of new shares under a general mandate, which took place on March 27, 2025. The company successfully placed 800,000,000 shares at a price of HKD53.25 each, raising approximately HKD42.5 billion after deducting fees and expenses. The placees are independent third parties. Xiaomi intends to use the net proceeds for business expansion, research and development, and other corporate purposes. Post-completion, Lei Jun will have approximately 64.1% of the voting rights.