Summary by Futu AI
Alibaba Group Holding Limited submitted its disclosure report on September 16, 2024, disclosing changes in its shareholding. The report shows that on September 12 and 13, 2024, the company repurchased a total of 9,424,000 shares on the New York Stock Exchange at prices of USD 10.67 and USD 10.57 per share respectively. These shares will be used for cancellation but have not been cancelled yet. In addition, on September 13, 2024, the company made another repurchase on the New York Stock Exchange involving 5,676,000 shares with a total payment of USD 59,981,626.65. According to the repurchase authorization, the total number of shares that the company can repurchase is 1,874,327,393 shares. As of the reporting date, the number of shares repurchased is 85,328,216 shares, accounting for 0.46% of the repurchase authorization. The repurchase activities comply with the relevant provisions of the Listing Rules of The Stock Exchange of Hong Kong Limited.