Millet Costs HK $250 Million To Buy 24 Million 550 Thousand Shares To Open For The First Time In 2020

It is reported that millet announced recently that in April 14th, the Company repurchased 24 million 550 thousand shares of class B common stock, and the repurchase price was HK $10.12-10.20 per share, which cost HK $250 million.

It is understood that this is the first implementation of millet group buyback operation in 2020. In 2019, millet repurchased shares several times. Among them, in January, June, July, November and December, there were intensive repurchase shares.

According to the China Daily released in August 21, 2019, "as of the date of this announcement, the company has purchased a total of 125 million shares, with a total cost (including transaction cost) of HK $1 billion 200 million." According to public information, in December, millet once repurchased shares for 5 consecutive trading days, which spent about HK $990 million.

It is worth mentioning that in September 2019, Xiaomi had issued a notice that the board of directors of millet would exercise the share repurchase rights granted before the shareholders' meeting. In the effective period of rights, it will buy shares from the open market irregularly, in accordance with the total price of no more than HK $12 billion.

Today, millet group rose nearly 6% in early trading. As of press release, Xiaomi group shares rose 3.73%, to HK $10.560, and Hong Kong stock market value to HK $254 billion 9 million.