Summary by Futu AI
Alibaba Group Holding Limited conducted a share buyback program on the New York Stock Exchange from November 7 to November 11, 2024, with a total repurchase of 3,888,256 shares, which are planned to be cancelled. The repurchase prices are USD 12.47, USD 11.81, and USD 11.95 respectively. According to the regulations of the Hong Kong Stock Exchange, the company submitted the next-day disclosure report on November 12, 2024. The report shows that the total number of issued shares of the company remained unchanged before and after the buyback program, at 19,141,607,724 shares. In addition, the company confirmed that based on the buyback authorization obtained on August 22, 2024, the total number of shares allowed to be repurchased by the company is 1,874,327,393 shares. Currently, 136,911,608 shares have been repurchased, accounting for 0.73% of the buyback authorization. After the buyback program, the company will comply with the relevant rules and will not conduct any new share issuances or resell or transfer treasury shares until December 11, 2024.