(Reuters) – China’s Xiaomi Corp said on Tuesday it is looking to raise an aggregate of HK$42.6 billion ($5.48 billion) via a placement in a bid to accelerate business expansion.
The shares will be priced at HK$53.25 per share, the company said in its statement.
($1 = 7.7742 Hong Kong dollars)
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Pooja Desai)
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