Summary by Futu AI
Alibaba Group Holding Limited submitted a next-day disclosure report on September 6, 2024, disclosing its share repurchase activities on the New York Stock Exchange. According to the report, the company repurchased a total of 52,657,816 shares between August 23, 2024, and September 5, 2024, on different dates, accounting for 0.27% of the issued shares, with repurchase prices ranging from USD 9.98 to USD 10.67. These shares are planned to be canceled, but they have not been canceled as of the reporting date. In addition, the company confirmed that, based on the repurchase authorization, the total number of shares that can be repurchased as of August 22, 2024, is 1,874,327,393 shares. The report also noted that the repurchase activities comply with the relevant rules of the Hong Kong Stock Exchange and have no significant changes. The temporary suspension period after the repurchase will continue until October 6, 2024.