zmi

ZMI To Become A Wholly-Owned Subsidiary Of Xiaomi Group

Yesterday, Xiaomi Group stated in its performance report that the company intends to acquire 50.09% of ZMI’s shares at a total price of $205 million. Prior to this, Xiaomi Group already held 49.91% of ZMI’s equity. After the closing, ZMI will become a wholly-owned subsidiary of Xiaomi Group. In Xiaomi’s announcement, Xiaomi’s directors believe that …

ZMI To Become A Wholly-Owned Subsidiary Of Xiaomi Group Read More »