Chinese smartphone maker Xiaomi shares slide 7.1% after finalizing $3.9 billion in an equity deal

Chinese smartphone creator Xiaomi Corp's offers fell 7.1% in Hong Kong exchanging on Wednesday as the organization finished a $3.91 billion capital raising that incorporated the city's biggest top-up position.

The organization said 1 billion offers were sold at HK$23.70 each as a feature of the top-up arrangement that was completed for the time being. The last cost was a 9.4% rebate to Xiaomi's end cost of HK$26.15 on Tuesday.

Exchanging of Xiaomi's stock was ended during the morning meeting before the organization delivered subtleties of the capital raised during Hong Kong's mid-day break when exchanging is halted for 60 minutes.

It had been normal that subtleties of the arrangement would...continue reading….