Ali Baba: 710 million new shares completed for distribution to Port 112.070 Dollar

ON 26 AUGUST, ALIBABA (09988.HK) ANNOUNCED THAT THE COMPANY HAD PREVIOUSLY DISCLOSED THAT IT INTENDED TO DISTRIBUTE NEW SHARES UNDER A GENERAL AUTHORIZATION, THAT ALL THE TERMS CONTAINED IN THE DISTRIBUTION AGREEMENT HAD BEEN MET AND THAT THE DISTRIBUTION WAS COMPLETED ON 26 AUGUST 2026. THE COMPANY ALLOCATED 710 MILLION SHARES TO NOT LESS THAN SIX PARTNERS AT A RATE OF HK$112.7 PER SHARE, OR 3.57 PER CENT OF THE TOTAL NUMBER OF SHARES ISSUED AFTER COMPLETION; THE TOTAL AMOUNT RECEIVED WAS ABOUT HK$80 BILLION, OR HK$79.7 BILLION NET。