Summary by Futu AI
Alibaba Group Holding submitted a new next-day disclosure report on September 2, 2024, disclosing its share buyback activities on the New York Stock Exchange. According to the report, between August 23, 2024, and August 30, 2024, the company repurchased a total of 35,197,016 common shares through multiple trades, accounting for 0.18% of the issued shares, with repurchase prices ranging from USD 9.98 to USD 10.67. These shares are intended to be canceled but have not been canceled as of the reporting date. In addition, the company confirmed that there have been no significant changes since the last submission of explanatory letters to the Hong Kong Stock Exchange. According to the rules, the company is prohibited from issuing new shares or selling any treasury shares within 30 days after the share repurchase, thus entering a moratorium period until September 29, 2024.