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China’s Xiaomi says no timeframe for mainland share offering

Chinese smartphone maker Xiaomi conveyed on Saturday there is no timeframe for a mainland share offering and the company has no quarrel with the China Securities Regulatory Commission.

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

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

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