Alibaba Group Holding Ltd - ADR

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Other Pre-Announcement

SoftBank Group Corp - Update On Physical Settlement Of Alibaba Prepaid Forward Contracts, And Transfer Of Alibaba Shares To Finance Subsidiaries Related To The Settlement

Published: 09/15/2022 06:16 GMT
Alibaba Group Holding Ltd - ADR (BABA) - Update on Physical Settlement of Alibaba Prepaid Forward Contracts, and Transfer of Alibaba Shares to Finance Subsidiaries Related to the Settlement.
Confirmed the Recognition of a Gain on Sale of Shares of Jpy 2,659.1 Billion (before Tax Expenses) As Extraordinary Income in Its Nonconsolidated Financial Results for the Fiscal Year Ending March 31, 2023.
Previous Announcement on Aug 10 Was About 2.4 Trln Yen.
The Impact of the Physical Settlement on Consolidated Financial Results Has Not Been Finalized, and the Estimate Remains Unchanged From That Announced on August 10, 2022.