On the eve of the US Federal Reserve’s interest rate meeting, Russia announced plans for “partial military mobilization,” prompting renewed geopolitical concerns. Tech stocks became the market’s ATM yesterday. According to stock exchange information, Alibaba (9988) reduced its holdings in Kuaigou Taxi (GOGOX, 2246) in a small amount last week with a 50% loss of 13.99%.
According to the latest disclosure after yesterday’s market close, Ali reduced his holdings in Kuaigou by 232,400 shares or 0.04% to an average of 6.3572 yuan per share on Thursday, and grossed about 1.477 million. yuan and its holding decreased from 14.03% to 13.99% to approximately 86.113 million shares.
The share price was 12.91 yuan and sold for around 6.4 yuan last week.
Leafing through Kuaigou’s prospectus, Ali invested in Kuaigou through his three companies, Taobao China, Cainiao and AHKEF, including only Cainiao does not have a six-month lock-up period. After the first three rounds of financing the Kuaigou listing, Ali held a total of 14.97% or approximately 92.145 million shares, for a holding amount of approximately 1.19 billion yuan, which is the average share price per share. it was about 12.91 yuan. the previous week’s average price reduction, it means that Ali significantly lost 50.8% of the hand.
Yesterday, Kuaigou closed at 5.61 yuan, down 0.39 yuan or 6.5%, with revenues of 14.5 million yuan. Since it was listed at 21.5 yuan on June 24 this year, it fell 73.9%; Ali’s latest stock market value is only about 483 million yuan. Ali also fell 3.15 yuan or 3.7% yesterday, to 83.05 yuan, with sales of 3.103 billion yuan.
It is worth noting that Ali revealed the reduction this time around because his holdings in Kuaigou fell by more than a full percentage point. If you compare the listing and the latest holdings, the actual reduction was 6.03 million shares. which means that Ali has already reduced his holdings and also has the option to continue.
—
Tencent hits 4-year low, denies Meituan Shell reduction
In fact, there have been repeated reports of mutual reductions in tech shares recently.It was previously reported that Tencent Holdings (700) plans to reduce its holdings in Meituan (3690) and Shell (2423) to provide funds for buybacks. . However, Tencent denied it yesterday, saying it does not need to raise funds, has no target times and amounts for its stake reduction, and has not contacted any investment bank for business divestment. Tencent stressed that the investment goal has always been to generate strong returns for shareholders, rather than hourly or arbitrary targets. Tencent closed yesterday at 286 yuan, down 7.4 yuan or 2.5% to 286 yuan, a nearly 4-year low.
Originally posted on AM730 https://www.am730.com.hk/Finance/Technology-Enterprise Exchange-Purchase of 6 million shares-Ali Surrender-Half Price Loss Rang Kuaidog / 339508? utm_source = yahoorss & utm_medium = referral
–
