Alibaba Announced To HK $19 Billion &Nbsp; Privatization Of Listed Companies.

Alibaba group and Alibaba Network Limited jointly announced the 21 evening, Alibaba group to Hong Kong stocks list The board of directors of Alibaba Network Limited proposed privatization.

This means that once the privatization plan is completed, the flagship subsidiary of the e-commerce giant Alibaba group, and the only listed company, will be terminated. The Alibaba group and its unanimous operators will hold the whole of the listed company. Shares 。

According to a notice released on the night of Alibaba Network Limited, Alibaba group offered to buy about 26% of the shares of the listed company at HK $13.5 per share, which is expected to cost about 19 billion. Hong Kong dollar 。

Alibaba Network Limited has already suspended its business at HKEx in February 9th and has drawn many conjectures. The announcement on the evening of 21 showed that the repurchase price of HK $13.5 per share was the average closing date of the last 60 trading days before the suspension. Price The premium is 60.4%.

As for the reasons for the privatization of listed companies, Shao Xiaofeng, Secretary General of Alibaba group, quoted the announcement as "global" in recent years. Economics The overall strategic direction of the listed company is facing major adjustment and spanformation as the situation changes and the specific circumstances in the course of business development. Equity repurchase can enable small and medium investors to have short-term opportunities in the process of spanformation.

Reporters learned from Alibaba group that since last year, Alibaba Network Limited has been upgrading its strategic spanformation business. It will focus on increasing the number of users to enhance the user experience in the trading platform, focusing on quality, while actively exploring and investing in new businesses instead of pursuing returns immediately. But this strategy is good for the long-term development of the company, and will have an impact on the company's financial results in the short and medium term.

At present, Alibaba group and YAHOO are discussing the issue of Alibaba group equity. Shao Xiaofeng quoted the announcement as saying that the talks are completely different from privatization. "Privatization is not a precondition for a possible spanaction between YAHOO and Alibaba group. The spanaction between Alibaba and YAHOO is not a prerequisite for privatization."

Alibaba also said that repurchase shares did not mean a new listing plan. "Alibaba Network Limited has no plans to re appear in any market at present. At present, the group has no plans to go public, and even if it intends to go public, it will be a few years later. Shao Xiaofeng said.

It has been revealed that Alibaba group's HK $19 billion fund for the repurchase shares has been fully raised, including the Alibaba group itself. capital There are also financial institutions. financing 。 At the same time, the announcement also confirmed the recent rumors "Alibaba to the 6." News of bank financing.

According to the announcement issued that night, Alibaba Network Limited, which was suspended on the 9 th of this month, has applied to the HKEx and has resumed its business from 9 a.m. on February 22nd.

Alibaba Network Limited was in 1999. Hangzhou Founded by a small business e-commerce company, it provides convenience to millions of buyers and suppliers around the world and is listed on the HKEx in November 2007. Alibaba Network Technology Co., Ltd. currently has offices in more than 70 cities around the world.

The announcement also shows that Alibaba group, founded in 1999, is an Internet group. Its business includes providing convenient online trading markets, retail platforms, shopping search engines and data centered cloud computing services for business to business and international trade in China. Alibaba group and its affiliates are more than 70 in the world. City It has more than 25000 employees.