Alibaba (BABA) has released an update.
Alibaba Group Holding Limited has announced the repurchase of over 1.6 million shares on the New York Stock Exchange, priced at an average of around $12.23 per share. This move is part of their strategic effort to manage equity and enhance shareholder value. The repurchased shares are not yet canceled, reflecting a minor percentage change in the company’s overall shares.
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