BRIEF-Alibaba Group Proposes Spin-Off And Separate Listing Of Banma Network Technology

Reuters
Aug 21
BRIEF-<a href="https://laohu8.com/S/BABA">Alibaba Group</a> Proposes Spin-Off And Separate Listing Of Banma Network Technology

Aug 21 (Reuters) - Alibaba Group Holding Ltd 9988.HK:

  • PROPOSED SPIN-OFF AND SEPARATE LISTING OF BANMA NETWORK TECHNOLOGY

  • BANMA IS SEEKING A SEPARATE LISTING OF BANMA SHARES ON MAIN BOARD OF HONG KONG STOCK EXCHANGE

  • BANMA SEEKS SEPARATE LISTING ON HONG KONG STOCK EXCHANGE

  • WILL CONTINUE TO HOLD OVER 30% OF SHAREHOLDINGS IN BANMA

  • DETAILS HAVE NOT YET BEEN FINALIZED IN RESPECT OF PROPOSED SPIN-OFF OF BANMA

Further company coverage: 9988.HK

((Reuters.Briefs@thomsonreuters.com;))

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