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Alibaba Shareholders'Meeting Approves the "One Break-up Eight" Scheme and Increases the Authorization Number of Common Stocks

via:博客园     time:2019/7/16 12:35:41     readed:162

On the 16th, Alibaba announced that Alibaba approved the increase of common stock authorization data and approved the annual general meeting of shareholders.

The announcement shows that the Alibaba shareholders'meeting adopted the following resolutions:

Motion No. 1: increase the number of authorized common shares to 32000000000 shares and carry out the common shares of the company

Motion No. 2: election of four directors.

Motion No. 3: approve the appointment of PricewaterhouseCoopers as an independent CPA firm.

To consider and deal with other matters properly submitted to the annual general meeting or any one or more of its adjourned meetings for consideration.

Earlier, Alibaba also announced plans to expand the number of common shares from 4 billion shares to 32 billion shares. This move is believed by the industry that Alibaba is preparing for the listing of Hong Kong stocks.

In addition, according to Bloomberg quoted sources, some of the well-known investors involved in Hong Kong stocks Daxin said they were interested in subscribing for Alibaba, they are more concerned about Alibaba's final valuation in Hong Kong than to split shares.

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