Xiaomi awards staff shares worth US$24mil, celebrating status as top 500 global company

By Li Tao
  • TECH

  • Tuesday, 23 Jul 2019

Xiaomi was included in the '2019 Fortune Global 500' companies announced by Fortune magazine this week.

Chinese phone maker Xiaomi Corp has given each of its employees 1,000 free shares in the company, worth a total of HK$187.5 million (RM98.7mil), to celebrate the company being included in the latest Fortune 500 global company list for the first time.

Just over 20,000 people were granted the stock award on July 19, when shares in the Hong Kong-listed company closed at HK$9.11 (RM4.80), Xiaomi said in a statement to the city’s stock exchange late on Tuesday.

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