Xiaomi bags $4bn from CB, share sale combo

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By Jonathan Breen
02 Dec 2020

Chinese smartphone maker Xiaomi Corp has raised $3.96bn from a concurrent top-up placement and convertible bond issue.

The company jumped at the chance on Tuesday to build up its war chest as its share price had risen following its announcement of strong third-quarter results on November 24, said a source involved in the fundraising.

“They are raising pre-emptive capital and are looking to invest in ...

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