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XIAOMI-W Placing Reportedly Oversubscribed Multiple Times
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XIAOMI-W (01810.HK) announced a top-up placing at a 6.6% discount, raising net proceeds of HKD42.5 billion. The placing has attracted multiple times oversubscription, with strong interest from long-only investors and sovereign wealth funds, Bloomberg cited people with the knowledge of the matter. Approximately 200 institutions were on the order book, with the top 20 investors allocated about two-thirds of the placing volume, sources divulged. XIAOMI-W's stock price faced pressure today (25th), sagging to bottom at HKD53.25. It last posted at HKD53.95, down 5.35%, with a trading volume of 1.189 billion shares and a turnover of HKD63.606 billion. AAStocks Financial News |
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