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Xiaomi Consumer Finance's Shareholding Change: Xiaomi Communications' Stake Raised to 60%
The Chongqing Financial Regulatory Bureau issued an approval agreeing to Xiaomi Communications' acquisition of a 10% stake in Xiaomi Consumer Finance previously held by Kingsof...
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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.

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