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Xiaomi plans $1.5 billion share buyback, its biggest to date

Sep 3, 2019

https://blogging-universe.blogspot.com/2019/09/xiaomi-plans-15-billion-share-buyback.html

SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Corp (1810.HK) announced a HK$12 billion ($1.53 billion) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is aimed at boosting its floundering stock.

Xiaomi plans $1.5 billion share buyback, its biggest to date

The shares of the Chinese smartphone maker rose nearly 7% post the announcement. Xiaomi, which listed its shares in July 2018, has lost nearly a third of its market value so far this year.

https://blogging-universe.blogspot.com/2019/09/xiaomi-plans-15-billion-share-buyback.html

Piyush Verma

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https://blogging-universe.blogspot.com/2019/09/xiaomi-plans-15-billion-share-buyback.html

https://blogging-universe.blogspot.com/2019/09/xiaomi-plans-15-billion-share-buyback.html

Piyush Verma

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AD

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