Titanium Media App reported on August 10, Alibaba Hong Kong Stock Exchange announced that SoftBank, the company’s shareholder, announced today that its board of directors has approved early share settlement. Certain prepaid forward contracts to raise funds. The prepaid forward contracts to be settled early involve up to approximately 242 million of the Company's American depositary shares, representing approximately 9% of the Company's total issued shares. According to public disclosures made by SoftBank, the above-mentioned share settlement will begin in mid-August 2022 and is expected to be completed by the end of September 2022. After the completion of the above-mentioned share settlement, SoftBank expects that its beneficial ownership of the Company's shares (including the shares used for continuous realization transactions) will be equivalent to approximately 14.6% of the Company's total issued shares.
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- 2022-08-10Alibaba : The prepaid forward contract that the shareholder Softbank will settle in advance involves a maximum of approximately 242 million ADR shares of the company
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