Xiaomi repurchases 1.8 million shares for HK$48.9 million on Sept 22
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According to a filing with the Hong Kong Stock Exchange, Xiaomi Group (01810.HK) spent 48.9 million Hong Kong dollars on September 22 to repurchase 1.8 million Class B shares. The buyback is a routine corporate action that reduces the number of shares outstanding, potentially boosting earnings per share and signaling management's confidence in the company's value. The transaction was disclosed in a regulatory filing, providing transparency to investors. This move is part of Xiaomi's ongoing capital management strategy, which may include further share repurchases depending on market conditions and the company's financial position. The filing did not specify any further plans or conditions beyond this single transaction.
Source report
Hong Kong Stock Exchange filings show that Xiaomi Group (01810.HK) spent HKD 48.9 million to repurchase 1.8 million Class B shares on September 22.
Source
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