China Economic Net Beijing April 16 Xiaomi Group-W (01810.HK) repurchases for two consecutive days, costing a total of about 500 million Hong Kong dollars. As of today's close, the stock price of Xiaomi Group closed at HK $ 10.42, a decrease of 0.57%. Compared with the highest price of 22.20 Hong Kong dollars on July 18, 2018, the share price of Xiaomi Group fell by 53.06%.
According to the announcement, Xiaomi Group repurchased 24.55 million Class B common shares at a cost of HK $ 250 million on April 14 at a repurchase price of HK $ 10.12-10.2 per share. On April 15th, 23.86 million Class B shares were repurchased at HK $ 10.42-10.52 per share and cost about HK $ 250 million.
On September 3, 2019, Xiaomi Group issued an announcement that the board of directors formally decided to exercise the share repurchase authorization to repurchase shares at the highest total price of HK $ 12 billion in the open market. The stock repurchase is part of the stock repurchase plan.
On July 9, 2018, Xiaomi Group was officially listed on the Hong Kong Stock Exchange. On the first day of listing, the stock price was mediocre and fell below the issue price of HK $ 17.