Xiaomi awards shares worth US$24 million to staff as it celebrates status as Fortune Global 500 company

//Xiaomi awards shares worth US$24 million to staff as it celebrates status as Fortune Global 500 company

Xiaomi awards shares worth US$24 million to staff as it celebrates status as Fortune Global 500 company

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 (US$24 million), 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, Xiaomi said in a statement to the city’s stock exchange late on Monday.The July 19 closing share price reflects a 46…

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By | 2019-07-23T03:31:31+00:00 July 23rd, 2019|Technology|Comments Off on Xiaomi awards shares worth US$24 million to staff as it celebrates status as Fortune Global 500 company