Summary by Futu AI
On September 9, 2024, Alibaba Group Holding Limited submitted its next-day disclosure report, disclosing its share repurchase activities on the New York Stock Exchange. According to the report, the company repurchased a total of 58,536,216 common shares through multiple transactions between August 23, 2024, and September 6, 2024, accounting for 0.3% of its issued shares. The repurchased shares will be proposed for cancellation, but as of the end of the reporting period, they have not been canceled. The repurchase price ranged from USD 9.98 to USD 10.67. In addition, the company confirmed that there have been no significant changes to the relevant information since July 5, 2024, and that the repurchase activities comply with the listing rules of the Main Board of the Hong Kong Stock Exchange. After the repurchase activities, the company will enter a moratorium period for new share issuance or re-sale or transfer of treasury shares until October 9, 2024.