Summary by Moomoo AI
Alibaba Group Holding Limited submitted a new next-day disclosure report on November 19, 2024, revealing its share repurchase activities on the New York Stock Exchange. According to the report, the company repurchased a total of 3,598,400 shares of common stock through multiple trades from November 7 to November 18, 2024, for cancellation but not yet cancelled. The repurchased shares were executed at prices ranging from usd 11.19 to usd 10.98 per share, with a total payment amount of usd 39,991,043.3. This repurchase activity 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 the reporting date, the company has repurchased 149,382,288 shares under this authorization, accounting for 0.8% of the total issued shares on that day (excluding treasury shares). The report also confirmed that within 30 days after the repurchase, the company will not issue any new shares or sell or transfer treasury shares unless approved by the Hong Kong Stock Exchange.
