Alibaba Group Holding Limited announced the disposal of its shares in Sun Art Retail Group, a move that involves selling approximately 73.66% of Sun Art shares held through its subsidiaries.
BABA-W (09988.HK) announced that on December 31, 2024, the Alibaba Subsidiaries and New Retail entered into the SPA with Paragon Shine Limited, pursuant to which Paragon Shine Limited ...
The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the Hong Kong Stock Exchange. Alibaba paid $3.6 billion for a controlling stake in Sun Art in 2020 in the ...