On August 22, the world’s third-largest smartphone vendor announced its heftiest stock award to employees since its listing in Hong Kong. The company’s board of directors grants a total of 92.7484 million award shares to 3,142 selected participants.
Hence 3,141 selected participants are non-connected grantees, and a selected participant is a connected grantee. This plan was made under the blueprints of the share award forecast.
Xiaomi Group has been spending a surf of all the applications from bottom to up; as per reports, the company is currently stating HK 11.66 dollars per share alongside a total market value of HK291.003 billion dollars. With discerning the calculation, 92.7484 million shares are about 1.0815 billion Hong Kong dollars, or about 942 million yuan (roughly Rs. 1000 crore).
Xiaomi Group was established in April 2010 and registered on the mainstream board of the Hong Kong Stock Exchange on July 9, 2018. Xiaomi is a consumer electronics and smart manufacturing tech company with smartphones, smart hardware, and IoT platforms as its core platforms.