China's Xiaomi raises $5.5 billion in share sale as EV plans ramped up
China's Xiaomi Corp (1810.HK), opens new tab said on Tuesday it had raised $5.5 billion in an upsized share sale as the company pushes forward with its ambitious electric vehicle manufacturing plans.
The company sold 800 million shares at HK$53.25 each, the company said in its statement to the Hong Kong Stock Exchange.
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