BABA-W (09988.HK) plans to issue in total 710 million shares by placement, with estimated net proceeds of HKD 79.7 billion

BABA-W (09988.HK) announced on Aug 24, 2026 that the company has entered into a placement agreement with the placement agent on Aug 23, 2026. According to the agreement, the placing agent conditionally agreed to use its best endeavors to procure placees to subscribe for in total 710 million shares placement, which represent approximately 3.7% of the company's existing issued share capital as of the date of this announcement, and approximately 3.57% after the subscription.
The placement price per share is HKD 112.7. The total proceeds from the placement are estimated to be about HKD 80 billion. After deducting the placement commission, professional fees, and all related expenses that the company may incur, the net proceeds from the placement are estimated to be approximately HKD 79.7 billion.

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