Tuesday, February 21, 2012

Alibaba 13.5 Hong Kong Dollars Per Share, Privatization

Alibaba Group's B2B listed companies, privatization offer of HK $ 13.5 per share to acquire the remaining shares. Affected by this news, Alibaba opened today soared 42.27%, up to HK $ 3.91 reported at HK $ 13.16. Alibaba on February 9, 2012 suspension, has been in continuous suspension nine trading days.

Agreement of the privatization offer announced the privatization of the per share price of HK $ 13.5, the price is Ali Baba in 2007 the IPO offer price. The price than the last trading day of each share as quoted on the Stock Exchange of Hong Kong closing price of HK $ 9.25 premium of approximately 45.9%, but compared to the Alibaba IPO first day closing price of HK $ 35, the privatization price had fallen by more than 60%.

According to the announcement shows that the Alibaba Group currently holds 73.45% of Alibaba or shares of 3,673,985,314 shares of the basis of this privatization prices, Alibaba acquired the remaining 26.55% shares of HK $ 17.9 billion.

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