Alibaba's Hangzhou Haoyue plans to transfer no more than 2% of the company's shares through block trading
2025-10-16 10:18:23
On October 16th, Yuantong Express announced that the company's shareholder Hangzhou Haoyue Enterprise Management Co., Ltd. plans to transfer no more than 68.451 million shares through block trade within 3 months after 15 trading days from the date of announcement disclosure, and the proposed transfer ratio does not exceed 2% of the company's total share capital. Hangzhou Haoyue is an enterprise within Alibaba Group Holdings Co., Ltd. The reduction plan is based on the shareholders' own development strategy and capital planning considerations.
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