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Xiaomi Made Adjustment to IPO Document: Non-compliance of Suppliers with Environmental Laws and Regulations May Have Adverse Impact on Business Operations and Financial Results
2018
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Xiaomi Made Adjustment to IPO Document: Non-compliance of Suppliers with Environmental Laws and Regulations May Have Adverse Impact on Business Operations and Financial Results
On June 21st 2018, Xiaomi Corporation released Post Hearing Information Pack (1st submission) (full version) via Hong Kong Exchanges and Clearing Limited website. Xiaomi admitted that ‘certain current suppliers of the Group have experienced historical environmental non-compliance incidents’ and that ‘non-compliance of our suppliers with relevant environmental laws and regulations may cause disruptions to our product supply to users, increase our cost of sales and have a material and adverse impact on our business operations and financial results.’
Publication Date:2018-06-27
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