Xiaomi'S Share Price Rose By 10.55%, With A Total Market Value Of HK $63033 Billion.
March 15 news, Xiaomi group rose more than 8%. As of press release, Xiaomi group reported an increase of 10.55% to HK $25.15/share, with a total market value of HK $63033 billion.
Yesterday, Xiaomi group announced that at 4:59 p.m. Eastern time on March 12, 2021, the U.S. Court issued a temporary injunction to suspend the administrative order identifying Xiaomi as a Chinese military related enterprise, lifting the restrictions on American investors to purchase and hold the company's securities. The temporary ban took effect immediately.
Xiaomi stressed in the announcement that the company is a public stock exchange, independent management of listed companies. The company's products are all consumer oriented electronic products. Xiaomi said that the company's inclusion in the list of Chinese military related enterprises was a rash and arbitrary decision, and the judge agreed with it. The company will continue to ask the court to make the order invalid.
It is understood that previously, the U.S. Department of Defense announced that nine Chinese companies, including millet, basket technology and COMAC, were included in the sanctions list of Chinese enterprises related to the Chinese military. The ban requires us investors to sell their shares in "blacklisted" companies by November 11, 2021.
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