Summary by Moomoo AI
Alibaba Group Holdings Limited submitted its next day disclosure statement on September 6, 2024, disclosing its share repurchase activities on the New York Stock Exchange. According to the statement, the company repurchased a total of 52,657,816 shares of stock between August 23, 2024, and September 5, 2024, on different dates, accounting for 0.27% of the issued shares, at prices ranging from USD 9.98 to USD 10.67. These shares are intended to be canceled, but as of the reporting date, they have not been canceled. In addition, the company confirms that, according to the repurchase authorization, a total of 1,874,327,393 shares can be repurchased, as stipulated in the resolution obtained on August 22, 2024. The report also notes that the repurchase activities comply with the relevant rules of the Hong Kong Stock Exchange and have no significant changes. The suspension period after the repurchase will continue until October 6, 2024.