On the eve of the U.S. Federal Reserve’s interest rate meeting, Russia announced plans to “partial military mobilization”, causing renewed geopolitical concerns. Technology stocks became the market’s cash machine 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% stake.
According to the latest disclosure following the market closed yesterday, Ali reduced its holdings of Kuaigou by 232,400 shares or 0.04% at an average of 6.3572 yuan per share last Thursday, and cashed out regarding 1.477 million yuan, and its shareholding decreased from 14.03% to 13.99% to regarding 86.113 million shares .
The stock price was 12.91 yuan, and it was sold at regarding 6.4 yuan last week.
Looking through the prospectus of Kuaigou, Ali invested in Kuaigou through its 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 of Kuaigou’s listing, Ali held a total of 14.97% or regarding 92.145 million shares, involving a shareholding amount of regarding 1.19 billion yuan, that is, the average share price per share was regarding 12.91 yuan. Calculated from the average reduction price of the previous week, it means that Ali Has significantly lost 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 by 73.9%; Ali’s latest stock market value is only regarding 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 disclosed the reduction this time because its Kuaigou holdings fell by more than one integer percentage point. If you compare the listing and the latest holdings, the actual reduction has been 6.03 million shares, which means that Ali has already reduced its holdings, and even has a chance to continue. Sexual selling.
Tencent hits 4-year low, denies reduction of Meituan Shell
In fact, there have been repeated reports of mutual reductions 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 yesterday, saying that it does not need to raise funds, has no timetable and amount target for its shareholding reduction, and has not approached any investment banks for asset divestiture. Tencent emphasized 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.
Originally published on AM730 https://www.am730.com.hk/Finance/Technology-Enterprise Mutual-Selling 6 Million Shares-Ali Surrenders-Half Price Loss Let Kuaidog/339508?utm_source=yahoorss&utm_medium=referral