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Xiaomi Consumer Finance's Shareholding Change: Xiaomi Communications' Stake Raised to 60%
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The Chongqing Financial Regulatory Bureau issued an approval agreeing to Xiaomi Communications' acquisition of a 10% stake in Xiaomi Consumer Finance previously held by Kingsoft Holdings. Upon completion, Xiaomi Communications' shareholding in Xiaomi Consumer Finance will increase from 50% to 60%. In its approval, the Chongqing Financial Regulatory Bureau required Xiaomi Consumer Finance to strictly fulfill relevant procedures for the equity change, strengthen equity management, optimize its equity structure, strictly control connected transactions among shareholders, improve corporate governance, and prevent and mitigate financial risks. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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