Summary by Futu AI
Alibaba Group Holding Limited submitted a new next-day disclosure report on September 23, 2024, disclosing its share repurchase activities on the New York Stock Exchange. According to the report, between September 12 and 20, 2024, the company repurchased a total of 30,723,416 common shares through multiple trades, with the repurchased shares being intended for cancellation but not yet cancelled. The average purchase price ranged from usd 10.46 to usd 11.06. This share repurchase was conducted under the repurchase authorization obtained by the company on August 22, 2024, which allows the company to repurchase up to 1,874,327,393 shares. As of now, the company has repurchased 109,627,632 shares under that authorization, accounting for 0.58% of the issued shares on the date of the authorization. Following the repurchase, the company will enter into a moratorium period for new share issuances or further sale or transfer of treasury shares until October 20, 2024.