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China's Xiaomi says U.S. has formally lifted securities ban

Reuters2021-05-26

HONG KONG, May 26 (Reuters) - China's Xiaomi Corp said on Wednesday a U.S. court has removed the company's designation as a Communist Chinese Military Company (CCMC) and lifted all restrictions on U.S. persons buying or holding its stock.

"The U.S. District Court for the District of Columbia issued a final order vacating the U.S. Department of Defense's designation of the company as a CCMC," the smartphone maker said in a filing to the Hong Kong bourse. It said the order was made on Tuesday.

"The company reiterates that it is an open, transparent, publicly traded, independently operated and managed corporation," Xiaomi chairman Lei Jun said in the statement.

A court filing showed earlier in May that the U.S Defense Department would remove Xiaomi from a government blacklist, marking a reversal by the Biden administration of one of Donald Trump's last jabs at Beijing before exiting office.

(Reporting by Donny Kwok; Editing by Sam Holmes)

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Comment25

  • lineasy2
    ·2021-05-26
    贊?。 加油!!!
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  • chloectf
    ·2021-05-26
    Great news
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  • Jackieseak
    ·2021-05-26
    Good for long term investment.?
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  • syneo
    ·2021-05-26
    [開心] 
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  • HueiKwang
    ·2021-05-26
    Good news for xiaomi 
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    • HueiKwang
      [Duh]
      2021-05-26
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    • HuiEr
      [Surprised]
      2021-05-26
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  • edgetrader
    ·2021-05-26
    Buy buy buy
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    • edgetrader
      Maybe up 20% like tiger yesterday
      2021-05-26
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  • HKhin
    ·2021-05-26
    Buy??? Any target price?
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  • theresaneo
    ·2021-05-26
    Yes !! Finally. Time for xiaomi to climb 
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  • StockWatcher
    ·2021-05-26
    Tonight breakout probably 
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  • LHJarsenal
    ·2021-05-26
    Like n comment. 
    Reply
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    • HueiKwang
      Likes
      2021-05-26
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    • moooon
      ok
      2021-05-26
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  • NealTong
    ·2021-05-26
    Good to know [Smile] 
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  • nanalim
    ·2021-05-26
    Comment and like pls. Thanks
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    • brianyen
      vommented
      2021-05-26
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    • LHJarsenal
      pls do the same.
      2021-05-26
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  • Kt18
    ·2021-05-26
    Good for this stock to take off 
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    • kt888
      agreed
      2021-05-26
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  • SSSG
    ·2021-05-26
    Good, it is time to consider this stock, hopefully it will move to the right upward.
    Reply
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  • Luke19
    ·2021-05-26
    Nice!
    Reply
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  • Cheetah89
    ·2021-05-26
    Lift the ban on Hwawei as well. 
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  • Charmnini
    ·2021-05-26
    Xiaomi again 
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  • Weijj
    ·2021-05-26
    ??
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  • Miguho
    ·2021-05-26
    Good
    Reply
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  • 55ewell
    ·2021-05-26
    Well
    Reply
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