Xiaomi Group held a press conference for global offering shares in Hong Kong on the 23rd, announcing that it will be listed on the main board of the Hong Kong Stock Exchange on July 9, becoming the first listed company to adopt a different voting right structure after the listing system reform of the Hong Kong Stock Exchange.
The capital of millet will be divided into Class A shares and Class B shares. For any resolution proposed to the Xiaomi Shareholders' Meeting, holders of Class A shares may cast 10 votes per share, while holders of Class B shares may each cast a share. ticket.
Xiaomi plans to sell 217,9585,000 shares worldwide, and the offer price is expected to be between HK$17 and HK$22 per share. The public offering time in Hong Kong will be from June 25 to June 28.
Xiaomi said that although the different beneficiary beneficiaries do not have most of the economic benefits of Xiaomi's share capital, they can exercise voting control over the company. They have a long-term vision and implement long-term strategies. Their vision and leadership can benefit the company for a long time.
Xiaomi had previously announced that it decided to implement the Hong Kong stocks and China Depositary Receipts (CDR) listing plan step by step, first issue Hong Kong stocks, and then choose to issue CDRs within the territory. This would apply to the Securities and Futures Commission to postpone the time for the review.
Xiaomi is a new economic company with a smart phone, smart hardware and internet of things platform as its core. At the press conference, Xiao Jun, founder and chairman of the board of directors Lei Jun, said: 'The listing of Xiaomi in Hong Kong marks the company's entry into a new milestone.'