Sina Technology News On the afternoon of August 10th, Alibaba announced on the Hong Kong Stock Exchange that the company's shareholders Softbank announced today that its board of directors has approved early shares to settle SoftBank SoftBank. Some of the company's shares raised several pre -paid long -term contracts. The prepaid forward contract that will be settled in advance involves the company's deposit shares with a company of up to about 242 million shares of the company, accounting for about 9%of the total number of shares issued by the company.
According to public disclosure made by SoftBank, the above -mentioned shares settlement will begin in mid -August 2022 and is expected to be completed by the end of September 2022. After the completion of the above shares settlement, SoftBank expects that the company's shares (including shares for continuous monetization transactions) will actually be equivalent to about 14.6%of the total number of shares issued by the company.