Shares of the Chinese Xiaomi Corp, shrugged a straight decline of 7.1% on Wednesday in Hong Kong trading. This action was followed by the company raising a $ 3.91B capital with the city’s largest top up placement. The stock’s trading was paused for an hour, prior to the company releasing the raise details. When trading resumed, the stock fell 12% finally closing to 7.1%. According to Refintiv data, Xiaomi’s stock was the most actively traded, and this fall was recorded to be the lowest since November 18.
Xiaomi shares slip 7.1% after the company finalised $ 3.91 billion raising
