Summary by Futu AI
Alpha Ally Holdings Limited, an affiliate of Sea Limited, is set to sell 630,000 American Depositary Receipts (ADRs) of Sea Limited on 06/17/2024. The ADRs, with an aggregate market value of $46,884,600, were originally acquired on 09/17/2013 as compensation for services under the Issuer's Employee Stock Ownership Plan (ESOP). This transaction follows a recent history of sales by the affiliate, which sold a total of 1,000,000 ADRs in the past three months, generating gross proceeds of $63,125,175.