Xiaomi starts $1.3B share repurchase program
Xiaomi Corp. announced on Thursday a new $1.29 billion share buyback program.
“The board believes that a share repurchase in the present conditions will demonstrate the company’s confidence in its own business outlook…and create value to the shareholders,” the Chinese company said in the statement.
Xiaomi stock fell almost 40% from January highs when it was blacklisted by the United States. Since then, the electronics giant has filed a complaint in an attempt to overturn the ban.
Get involved!
Comments