China’s Xiaomi says has no timeframe for mainland share offering

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp (IPO-XMGP.HK) said on Saturday there is no timeframe for a mainland share offering and the company has no disagreement with the China Securities Regulatory Commission.

Xiaomi’s Founder, Chairman and CEO Lei Jun attends a news conference in Hong Kong, China June 23, 2018.  REUTERS/Bobby Yip

Xiaomi said this week it would postpone its mainland share offering until after it completes its listing in Hong Kong, which is scheduled for July 7.

It did not say when it would restart its CDR application process or why it was postponing the mainland offering.

Reporting by Julie Zhu and Sijia Jiang in Hong Kong; Additional reporting by Fiona Lau of IFR; Editing by Anne Marie Roantree

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