On August 24, Xiyin officially launched a global sale with a maximum sale price of HK$49.5 per share. It is expected to be listed on the Hong Kong Stock Exchange on September 1. Based on the maximum sale price, Xiying's market value is estimated to exceed HK$200 billion. According to the global sale announcement, Xu Yangtian, founder, executive director and CEO of Xiying, will hold and control a total of 799 million Class A shares and 487 million Class B shares through an intermediate shareholder, accounting for about 30.3% of the company's issued shares, and has the right to exercise about 49.9% of the company's issued shares at the shareholders' meeting. Based on this calculation, the market value of Xu Yangtian's holdings will exceed HK$60 billion by then.
Zhitongcaijing · 3d ago
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On August 24, Xiyin officially launched a global sale with a maximum sale price of HK$49.5 per share. It is expected to be listed on the Hong Kong Stock Exchange on September 1. Based on the maximum sale price, Xiying's market value is estimated to exceed HK$200 billion. According to the global sale announcement, Xu Yangtian, founder, executive director and CEO of Xiying, will hold and control a total of 799 million Class A shares and 487 million Class B shares through an intermediate shareholder, accounting for about 30.3% of the company's issued shares, and has the right to exercise about 49.9% of the company's issued shares at the shareholders' meeting. Based on this calculation, the market value of Xu Yangtian's holdings will exceed HK$60 billion by then.
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