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XIAOMI-W Opens 1.4% Lower; Co-Founder Lin Bin Plans to Sell Max. US$2B in Shrs Starting End-2026
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XIAOMI-W (01810.HK) started 1.38% lower this morning (29th), at HK$38.68, with pre-market trading volume of 2.6155 million shares, involving HK$101 million. The group had announced last night (28th) that co-founder, executive director, and vice chairman, Lin Bin, planned to start selling up to US$500 million of the company's Class B ordinary shares every 12 months from December 2026, with a total sale amount not exceeding US$2 billion of the company's Class B ordinary shares. The proceeds from Lin's share reduction plan would primarily be used to establish an investment fund company. AASTOCKS Financial News Website: www.aastocks.com |
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