Alibaba Group Holding Ltd - ADR

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Strategic Combinations, Mergers / Acquisitions, Equity Financing / Related

E-House (China) Enterprise & Taobao China Enter Alibaba Subscription Deal

Published: 04/28/2021 14:59 GMT
Alibaba Group Holding Ltd - ADR (BABA) - Co & Taobao China Entered Alibaba Subscription Deal for Allotment & Issue of 132 Million Subscription Shares.
Co and Alibaba Investment Entered Into Jv Acquisition Agreement.
Subscription Price of Hk$7.50 Per/ Share.
E-house to Issue 66.7 Million Subscription Shares to Yunfeng at Hk$7.50/share for Hk$500 Million.
E-house to Issue, Allot 133.3 Million Shares at Hk$7.50/share for Hk$1,000 Million to Zhou Subsidiary.
Alibaba Investment Agreed to Sell, an 85% Stake in Jv to Co at Hk$1,860 Million.
E-house and Alibaba China Also Entered Into Strategic Cooperation Amendment Agreement.
Under Agreement With Alibaba Investment Consideration Shall Be Settled by Co by Issuing 248 Million Jv Consideration Shares.