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The latest update is out from Alibaba Group Holding Ltd. ( (HK:9988) ).
Alibaba Group Holding Ltd. has announced the pricing of its HK$12.023 billion Zero Coupon Exchangeable Bonds, which are linked to Alibaba Health Information Technology Limited shares. This move is expected to strengthen Alibaba’s position in the healthcare sector, as the bonds can be exchanged for shares of Alibaba Health, a key subsidiary. The bonds are set to mature in 2032, with various redemption options available, reflecting Alibaba’s strategic focus on leveraging its healthcare investments to drive industry transformation.
The most recent analyst rating on (HK:9988) stock is a Buy with a HK$106.00 price target. To see the full list of analyst forecasts on Alibaba Group Holding Ltd. stock, see the HK:9988 Stock Forecast page.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. is a leading company in the e-commerce and technology industry, primarily offering online retail and digital payment services. It operates globally with a significant focus on the Chinese market. Alibaba also invests in various sectors, including healthcare, through its subsidiary Alibaba Health Information Technology Limited.
Average Trading Volume: 103,268,660
Technical Sentiment Signal: Buy
Current Market Cap: HK$2095.9B
For an in-depth examination of 9988 stock, go to TipRanks’ Overview page.