Summary by Moomoo 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, all of which were shares earmarked for cancellation but not yet canceled. The average purchase price ranged from USD 10.46 to USD 11.06. This 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 this authorization, accounting for 0.58% of the shares issued on the day of the authorization. Following the repurchase, the company will enter a moratorium period until October 20, 2024, for new share issuance or further sale or transfer of treasury shares.