On the eve of the US Federal Reserve interest rate meeting, Russia announced plans for a “partial military movement”, causing renewed geopolitical concerns. Tech stocks became the cash machine of the market yesterday. According to information from the Stock Exchange, Alibaba (9988) reduced its holdings of Kuaigou Taxi (GOGOX, 2246) in a small amount last week at a loss of 50% 13.99% share.
According to the latest disclosure after the market closed yesterday, Ali reduced his holdings of Kuaigou by 232,400 shares or 0.04% at an average of 6.3572 yuan per share last Thursday, which changed about 1.477 million yuan, and his shares decreased from 14.03 % to 13.99% to approximately 86.113 million shares.
The stock price was 12.91 yuan, and it was sold at about 6.4 yuan last week.
Looking through Kuaigou’s prospectus, Ali invested in Kuaigou through his three companies, Taobao China, Cainiao and AHKEF. Among them, only Cainiao does not have a half-year lock-up period. After the first three rounds of financing Kuaigou listing, Ali held a total of 14.97% or about 92.145 million shares, including a share amount of about 1.19 billion yuan, that is, the average share price per share was about 12.91 yuan. calculated from the previous week’s average drop price, it means that Ali has lost a significant 50.8% of the hand.
Kuaigou closed at 5.61 yuan yesterday, down 0.39 yuan or 6.5%, with a turnover of 14.5 million yuan, Since it was listed at 21.5 yuan on June 24 this year, it has fallen 73.9%; Ali’s latest stock market value is only about 73.9%; 483 million yuan. Ali also fell 3.15 yuan or 3.7% yesterday, to 83.05 yuan, with a turnover of 3.103 billion yuan.
It is worth noting that Ali revealed the reduction this time because his Kuaigou holdings have decreased by more than one integer percentage point. If you compare the listing and the latest holdings, the actual decrease has been 6.03 million shares, which means that Ali has already reduced his holdings, and even has the opportunity to continue Selling sexually.
Tencent hits 4-year low, denies Meituan Shell downgrade
In fact, there have been repeated reports of mutual declines in technology stocks recently, It was reported earlier that Tencent Holdings (700) plans to reduce its holdings in Meituan (3690) and Shell (2423) to provide funds for repurchases. However, Tencent denied it yesterday, saying it does not need to raise money, has no timetable and target amount for its share reduction, and has not approached any investment banks to divest assets. Tencent stressed that the investment objective has always been to generate strong returns for shareholders, rather than arbitrary timetables or goals. Tencent closed at 286 yuan yesterday, down 7.4 yuan or 2.5% to 286 yuan, a nearly 4-year low.
The original article was published on AM730 https://www.am730.com.hk/Finance/Technology-Enterprise Mutual Combination-Selling 6 Million Shares-Ali Ildio-Half Price Loss Let Kuaidog/339508?utm_source=yahoorss&utm_medium=referral