News this week: Hong Kong, 2nd December: Hong Kong-listed B2B e-commerce platform Alibaba.com has submitted a request to the Hong Kong Stock Exchange to buyback 500,000 shares for around HK$4.7 million, or at prices ranging from HK$12.88 to HK$13 per share. The company’s stock has traded in the range of HK$12.50 to HK$19.96 in the past 52 weeks.
Alibaba.com has reportedly repurchased 1.5 million shares earlier this year – approximately 0.03% of the company’s outstanding shares. The company has not commented on the stock repurchase thus far.
No comments:
Post a Comment