Alibaba Group Holding Ltd 6-K, filed Jul 10, 2023
Alibaba Group Holding Ltd (BABA)
About this 6-K
Alibaba Group Holding Ltd filed this 6-K on July 10, 2023.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
July 10, 2023
Commission File Number: 001-36614
Alibaba Group Holding Limited
(Registrant’s name)
26/F Tower One, Times Square
1 Matheson Street
Causeway Bay
Hong Kong
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ¨
EXHIBITS
Exhibit 99.1 — Announcement – Ant Group Proposes Share Repurchase
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ALIBABA GROUP HOLDING LIMITED | ||
| Date: July 10, 2023 | By: | /s/ Kevin Jinwei ZHANG |
| Name: | Kevin Jinwei ZHANG | |
| Title: | Company Secretary | |
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Exhibit 99.1
Ant Group Proposes Share Repurchase
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba Group,” “the Company” or “we”) has received notice from Ant Group Co. Ltd. (“Ant Group”), an unconsolidated related party in which Alibaba Group holds 33% of the equity interest, of a shareholder meeting to approve, among other things, a proposal by Ant Group to repurchase from all of its shareholders up to 7.6% of its equity interest at a price that represents a valuation of Ant Group of approximately RMB567.1 billion (approximately US$78.48 billion*). We understand that the repurchased shares will be transferred into Ant Group’s employee incentive plans. Alibaba Group is considering whether or not to participate in the proposed share repurchase.
Shareholders and potential investors should exercise caution when dealing in the Company's securities.
*The translation of Renminbi to U.S. dollars was made at RMB7.2258 to US$1, the Central Parity Rate published by China Foreign Exchange Trade System & National Interbank Funding Center of the People’s Bank of China on June 30, 2023.
July 9, 2023
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