Financial News
Written by: Zhang Weilun
2020-10-22 13:40
Last update date: 2020-10-22 13:40
Alibaba (9988) was reduced by Foxconn. Foxconn Technology announced the sale of 630,000 shares of Alibaba ADS for US$310.68, involving US$196 million (about 1.53 billion yuan).
In terms of cost, it recorded a gain of US$130 million (about 1.01 billion yuan).
This is the second time Hon Hai has reduced its holdings of Ali this month.
Hon Hai Precision submitted a document to the exchange on October 9, stating that its subsidiary Foxconn Ventures sold 630,000 shares of Ali ADS on October 8, involving an amount of US$186 million, and realized a profit of US$120 million based on cost.
Gou Taiming suddenly reduces Alibaba's holdings
Alibaba Gou Taiming Hon Hai Hon Hai Technology Group
