Summary by Moomoo AI
Alibaba Group Holding Limited submitted the disclosure report for the next day on September 24, 2024, disclosing its share repurchase activities on the New York Stock Exchange. According to the report, the company repurchased a total of 30,861,416 ordinary shares through multiple trades between September 12 and September 23, 2024, and the repurchased shares are intended to be cancelled. The average price range of the repurchase was between USD 10.46 and USD 11.26. Furthermore, the company confirmed that there were no significant changes in the repurchase activities conducted under the main board listing rules of the Hong Kong Stock Exchange. After the repurchase, the total number of issued shares of the company remained at 19,179,116,908 shares without any changes. The repurchase activity was carried out based on the repurchase authorization approved on August 22, 2024, allowing the company to repurchase up to 1,874,327,393 shares. As of the reporting date, the company has repurchased 111,415,632 shares under this authorization, accounting for 0.59% of the issued shares. Following the repurchase activity, the company will enter a post-repurchase suspension period until October 23, 2024.