Summary by Futu AI
Alibaba Group Holding Limited submitted its disclosure report to the Hong Kong Stock Exchange on November 1, 2024, disclosing changes in its shareholding. The report shows that Alibaba conducted share buyback activities on the New York Stock Exchange from October 25 to 31, 2024, repurchasing a total of 5,036,824 shares, representing a tiny percentage of the issued shares, at repurchase prices ranging from USD 12.2 to USD 12.49 per share. The total number of issued shares of the company remains at 19,155,118,020 shares with no changes. According to the regulations, the repurchased shares are intended to be cancelled, but as of the report date, cancellation has not yet been completed. In addition, the company confirms that there have been no significant material changes in accordance with the rules of Hong Kong and New York regarding share buybacks. The resolution for the buyback authorization was approved on August 22, 2024, allowing the company to repurchase a total of 1,874,327,393 shares under the authorization, with the current number of repurchased shares standing at 126,511,008 shares.