Most popular rumors about Alibaba's return to Hong

2022-08-07
  • Detail

Rumors of Alibaba's return to Hong Kong for listing have revived. "High value transfer plans to split 8 shares for Hong Kong stock listing?

release date: Source: Securities Times Views: 7594 copyright and disclaimer

core tip: the latest news shows that Alibaba plans to split 1 of its shares into 8, and the number of ordinary shares will be expanded from 4billion to 32billion. Analysis suggests that this move may be the company's preparation for listing in Hong Kong.

[China Packaging News] according to the latest news, Alibaba plans to split its shares 1 into 8, and the number of ordinary shares will be expanded from 4billion to 32billion. According to the analysis, this may be the preparation for the listing in Hong Kong

compared with Alibaba's refusal to comment on the listing in Hong Kong, Li Xiaojia, chief executive of the Hong Kong stock exchange, expressed a much more enthusiastic attitude. Previously, in an interview with the times, he said, "Alibaba is very welcome to return to Hong Kong for listing, provided that we meet the conditions for its return. People who have gone away will go home one day."

Alibaba plans to split 8 shares per share

on June 17, a document submitted by Alibaba to the U.S. Securities and Exchange Commission showed that the company proposed to split its shares into 8 shares per share and planned to expand the number of common shares from 4billion shares to 32billion shares. The plan will be voted at the annual general meeting held in Hong Kong on July 15. If approved, the share split will be carried out before July 15, 2020. Alibaba said that the proposed stock split "will increase the number of shares issued at a lower price per share. The Board believes that this will increase the flexibility of the company's future fund-raising activities, including the issuance of new shares."

as of last Friday, Alibaba's share price was US $158.10. If the closing price was calculated, 8 shares per share would be split, and the share price after the split would become US $19.76

according to the data, Alibaba was listed in the United States on September 19, 2014, and the deposit receipts (DRS) were issued in the United States. The exchange ratio between each DR and the underlying securities was 1:1, that is, a DR was equivalent to one Alibaba share

wind data shows that Alibaba's price in hairdressing is $68, up 38.07% on the first day of listing. Its share price experienced a downturn in 2015, once falling below the issue price, reaching a minimum of $57.20. However, it has continued to rise since then, and exceeded US $200 in the second quarter of 2018

wind data shows that Alibaba's latest closing price of $158.10 is the second highest among more than 200 Chinese stocks, second only to Yi (Yi Zaimei also hangs express packages in the form of DR, and there is also a waste phenomenon that is a big box of small cards - sometimes a big box of cards, with the latest Dr price of $265.94). Alibaba's share price is also at a high level among all U.S. stocks

therefore, from the absolute price of each share, Alibaba has the power to split the shares

in fact, there are often cases of stock splits in the U.S. stock market due to high stock prices. The purpose is to split shares, increase the number of shares and reduce the stock price in the secondary market to improve their stock liquidity. For example, in june2014, apple split one share of apple stock in many countries into seven shares for electronic parts in household appliances and parts that may have potential combustion hazards

it is worth noting that there are certain similarities between the split of us shares and the high transfer in the A-share market. Both of them will lead to an increase in the total number of shares of the company and a decrease in the share price

but there are some differences. The US stock split is a relatively simple stock split. The high transfer of a shares will be handled in accounting, that is, the undistributed profits or capital reserves will be reduced by 7. 7% while the share capital is increased Set the test speed: the speed specified in the standard is 10% of the initial thickness

some market analysts believe that Alibaba's move is to prepare for listing in Hong Kong, but Alibaba declined to comment

according to the data, Tencent Holdings has the highest share price of HK $329 among the listed companies on the Hong Kong stock exchange. If Alibaba is listed in Hong Kong after the stock split, it will be about HK $154 at the current share price, ranking sixth in Hong Kong stocks, behind Tencent holdings, Hong Kong stock exchange, Wanbang investment, Hang Seng Bank and Prudential

why did Alibaba return to Hong Kong for listing

it has been reported that Alibaba is secretly cooperating with its financial consultants on listing in Hong Kong. It is expected to submit an application for listing in Hong Kong in the second half of this year and raise US $20billion. A foreign investment banker in Hong Kong previously told the times that Alibaba's return to Hong Kong for listing is a high probability event, and the door to the same shares with different rights has long been opened

on June 13, some media said that Alibaba had submitted an application for listing in Hong Kong, which was the third time that Alibaba had been informed of the details of listing in Hong Kong recently. However, as before, Alibaba replied to the securities that it would not comment on the news

at the beginning of last year, Hong Kong Chief Executive linzhengyuee expressed to Ma Yun the hope that Ali would consider returning to the Hong Kong market. At that time, Ma Yun responded that "I will seriously consider the Hong Kong market". In an interview with the media this year, Li Xiaojia, chief executive of the Hong Kong stock exchange, said that once Ali believes that the Hong Kong market can solve its problems, Ali will definitely come back, in a very positive tone. So Alibaba's second listing in Hong Kong is not without omens

as for why Alibaba plans to go back to Hong Kong for listing, Shibao Jun interviewed a number of analysts of Hong Kong securities companies. They believe that there are the following reasons:

1. Going back to Hong Kong for listing can further improve Alibaba's financing channels and improve liquidity. The financial report for the first quarter of 2019 shows that the company's annual net profit is 87.6 billion yuan, and its book cash is 19.5 billion yuan. Although Alibaba is not short of money, it is always necessary to prepare for a rainy day. In particular, Alibaba is still investing everywhere, and its new retail, Intelligent Cloud Computing and overseas businesses are in the stage of expansion

especially in the first half of this year, Alibaba accelerated its investment in listed companies. In March this year, Alibaba subscribed for Shentong logistics for 4.66 billion yuan. Previously, Alibaba had invested in Zhongtong and Yuantong. On May 15, red star Macalline announced that Red Star Holdings, the controlling shareholder of the company, successfully issued exchangeable bonds and was fully subscribed by Alibaba for RMB 4.359 billion. If the exchangeable bonds are exchanged, alibaba will obtain A-share shares of Red Star Macalline accounting for about 10% of the total share capital

on May 17, aliluo invested 3.595 billion yuan in qianfang technology. After the transaction is completed, aliluo will become the second largest shareholder of qianfang technology

2. The tense external environment is also an important factor. China concept shares listed in the United States actively spread risks through new financing channels to avoid falling into passivity

3. At the end of April last year, Hong Kong launched the reform of the listing system, which solved the problem of different rights for the same share. At the same time, it also welcomed listed enterprises to take Hong Kong as a second listing place. Not only that, companies with the same share and different rights are expected to be included in the Hong Kong stock connect in mid-2019, that is, as long as Ali is listed in Hong Kong, it will have the opportunity to contact mainland investors

in 2007, Alibaba () launched the B2B concept on the Hong Kong stock exchange, raised US $1.7 billion, raised 265 times more than the initial public offering. After listing, its share price soared to HK $41.8, three times the IPO (HK $13.5), and won the title of "king of new shares in Hong Kong". However, the financial crisis followed. After five years, on February 21, 2012, Alibaba announced the privatization and delisting of HK $13.5 per share, The former king of new shares left the Hong Kong stock market with a five-year par privatization. Five years back to the original point has brought many investors a loss

during the global roadshow for listing in the United States, Ma Yun was asked whether he would make a second listing in Hong Kong in the future. He did not respond positively, but left a foreshadowing. In the future, if conditions permit, he will actively participate in the return to the domestic capital market and share the company's growth with domestic investors

Copyright © 2011 JIN SHI