On August 3, CNMO reported that SoftBank Group has sold a large number of Alibaba Group shares in its own hands, which cash up about 22 billion US dollars, which is about 150 billion yuan.
On August 10, CNMO noticed again that SoftBank Group officially issued an announcement that the company's board of directors has approved the relevant proposal and will settle a long -term contract of up to 242 million Alibaba ADR.
According to estimates, the total income of the transaction is 4.6 trillion yen (about 230 billion yuan). After the transaction, the proportion of Alibaba shares held by SoftBank will drop to 14.6%.
Also on August 10, Alibaba officially issued relevant announcements, saying that the company's shareholders Softbank's related operations shares account for about 9%of the total number of shares issued by the company.
It is understood,After completing the relevant transaction this time, the shares held by SoftBank have dropped below the threshold of the board seat of Alibaba GroupEssence Moreover, SoftBank's future financial report statistics will not be calculated because of insufficient shares, and will no longer calculate the share of the income from Alibaba.
As of CNMO's publication, Alibaba's US stock price rose slightly at a minimum of $ 91.19, with a total market value of $ 241.5 billion.