男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

US fund to sell Alibaba's dollar-denominated equity shares

Xinhua | Updated: 2019-05-16 14:34
Share
Share - WeChat
[Photo/VCG]

NEW YORK - US management investment firm Altaba announced Wednesday that it will commence selling the American Depositary Shares (ADSs) of China's e-commerce giant Alibaba on May 20.

Altaba plans to sell the ADSs through open market transactions and/or through private dispositions that are not executed or recorded on a public exchange or quotation service.

An ADS is a US dollar-denominated equity share of a foreign-based company issued in the United States for purchase on a US stock exchange.

The amount and pricing of the ADSs remain unstated. Yet the fund said it currently plans to update stockholders weekly online on the actual amount of shares sold.

The New York City-based fund has previously disclosed that it intends to sell a minimum number of Alibaba's ADSs to ensure that it has adequate liquid assets to cover a maximum potential reserves estimated by the fund's board of directors (the board).

That's because the reserves might be required by relevant authorities to satisfy the fund's "known, contingent, and potential future liabilities," it said in a statement on Wednesday.

The fund is capable of selling up to 100 percent of the Alibaba's ADSs it holds. However, it won't sell more than half of the ADSs before getting an approval from stockholders of a plan it previously submitted.

The plan aims to increase the price per share, at which the fund trades relative to the then-current value of Altaba's underlying assets, according to its statement on April 2.

Already approved by the board, the plan is currently scheduled to be voted on by the fund's stockholders at a special meeting to be held on June 27.

Altaba was created from Yahoo! Inc after US telecommunications conglomerate Verizon acquired Yahoo's operating businesses. The remains of Yahoo was renamed Altaba on June 16, 2017.

The fund's assets primarily account for a large position in Alibaba.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 临汾市| 开鲁县| 顺义区| 华宁县| 金塔县| 顺昌县| 佛坪县| 龙山县| 萝北县| 安阳市| 丹巴县| 堆龙德庆县| 孟连| 崇义县| 渝北区| 尼玛县| 莱州市| 日土县| 大埔区| 沁水县| 黄梅县| 景洪市| 青龙| 敦煌市| 永福县| 崇左市| 夹江县| 丁青县| 广饶县| 武冈市| 华阴市| 天全县| 新兴县| 濮阳市| 水富县| 垣曲县| 平舆县| 长泰县| 大埔县| 监利县| 平顺县|