Summary by Moomoo AI
ON NOVEMBER 27, 2024, ALIBABA FILED A DISCLOSURE REPORT THE FOLLOWING DAY REPORTING ON ITS SHARE REPURCHASE ACTIVITIES ON THE NEW YORK STOCK EXCHANGE. Between November 21 and November 26, 2024, Alibaba repurchased approximately 15 million shares at a repurchase price ranging from USD 10.38 to USD 10.75 per share. These shares have not yet been written off and represent 0.09% of the issued shares.As of November 27, 2024, Alibaba's total issued shares remained unchanged at 19,118,002,388 shares. The repurchase activity is based on the repurchase authorization passed on August 22, 2024, which authorizes the repurchase of a total of 1.87 billion shares. Alibaba confirms that all buybacks are in compliance with the relevant exchange regulations.Looking ahead, Alibaba will suspend any IPO or stock sale activities until December 26, 2024, within 30 days of the completion of this repurchase.
