Key Takeaways:
Xiaomi (1810.HK) repurchased 7.5 million of its shares on April 17 for approximately HKD 238 million, signaling a continuation of its share buyback program aimed at bolstering shareholder value.
The transaction, disclosed in a filing to the Hong Kong Stock Exchange, saw the technology giant acquire shares at prices ranging from HKD 31.48 to HKD 32.02 per share.
This latest repurchase is part of a larger initiative approved by shareholders. Since the ordinary resolution was passed, Xiaomi has bought back a total of 345 million shares, representing 1.33% of its issued share capital.
The ongoing buyback program suggests that Xiaomi's management believes its shares are undervalued and reflects a commitment to returning value to shareholders. By reducing the number of outstanding shares, the company can increase its earnings per share, a key metric for investors.
This buyback is part of a shareholder-approved mandate from June 5, 2025. Investors will be watching for future filings to see the continuation of this program.
This article is for informational purposes only and does not constitute investment advice.
