Alibaba: Repurchase $4.1 billion worth of stocks in Q3
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On October 2nd, Alibaba announced on the Hong Kong Stock Exchange that it had repurchased a total of 414 million ordinary shares (equivalent to 52 million American Depositary Shares) for a total price of $4.1 billion during the quarter ending September 30th. These repurchases are conducted in the US and Hong Kong markets according to the company's share repurchase plan.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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