Ma Yun's family trust holding company announces plans to reduce its stake in Alibaba by 10 million ADS shares.

AASTOCKS
2023.11.16 12:34
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Alibaba has disclosed on the official website of the U.S. Securities and Exchange Commission (SEC) a notice of proposed securities sale, document number 144, which shows that JC Properties Limited and JSP Investment Limited, companies under the Ma Yun family trust, plan to convert their respective holdings of 5 million Alibaba ADS into freely tradable shares and plan to sell them next Tuesday (the 21st), involving a market value of approximately 8 million dollars.

Alibaba (09988.HK)(BABA.US) has disclosed on the official website of the U.S. Securities and Exchange Commission (SEC) a proposed sale of securities notice, document number 144, which shows that companies JC Properties Limited and JSP Investment Limited, both owned by the Ma Yun family trust, plan to convert their respective holdings of 5 million Alibaba ADS into freely tradable shares and plan to sell them next Tuesday (21st), involving a market value of approximately $870.7 million, equivalent to nearly HK$6.8 billion. (gc/u)

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