Alibaba sells equity in Intime for 7.4 billion yuan
因醉鞭名马幌
发表于 그저께 13:28
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Alibaba announced on the Hong Kong Stock Exchange at noon on December 17th that the company and another minority shareholder have agreed to sell 100% equity of Intime to a consortium of buyers consisting of members of the Yagor Group and Intime management team.
The announcement shows that Alibaba currently holds about 99% of the equity of Intime, and the total proceeds from the sale of Intime are approximately RMB 7.4 billion. Alibaba expects to record a loss of approximately RMB 9.3 billion due to the sale of Intime.
Announcement reminder: To complete the sale of Yintai, it is necessary to go through the review of Chinese business concentration and other customary delivery conditions.
Source: Company Announcement
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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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