China's Xiaomi says US has formally lifted securities ban

China's Xiaomi says US has formally lifted securities ban

FILE PHOTO: The Xiaomi logo is seen at a Xiaomi shop, in Shanghai, China May 12, 2021. REUTERS/Aly Song

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.

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