02 Jun '16, 1am

Singapore just bought $1 billion in Alibaba stock

(Reuters) – Singapore sovereign wealth funds bought $1 billion of Chinese e-commerce company Alibaba Group’s shares as part of an $8.9 billion sale by Japan’s SoftBank, Alibaba ‘s biggest shareholder, the company said on Wednesday. Singapore’s GIC Private and Temasek Holdings each purchased $500 million of Alibaba shares at $74 apiece through subsidiaries, Alibaba said, offering details of the SoftBank sale announced on Tuesday. Alibaba purchased $2 billion of its own stock at the same price, in a move which would add to earnings, executive vice chairman Joe Tsai told analysts on a call. Members of the Alibaba Partnership of senior executives and founders purchased another $400 million, as expected, at the $74 per share price, he added. SoftBank also offered $5.5 billion in debt securities, which can be exchanged for Alibaba stock in three years, Tsai said. For more about ...

Full article: http://fortune.com/2016/06/01/singapore-alibaba-stock/?xi...

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Singapore buys $1 billion in Alibaba stock in S...

reuters.com 02 Jun '16, 12am

Singapore sovereign wealth funds bought $1 billion of Chinese e-commerce company Alibaba Group Holding Ltd's shares as par...

Singapore buys $1 billion in Alibaba stock in S...

reuters.com 02 Jun '16, 12am

Singapore sovereign wealth funds bought $1 billion of Chinese e-commerce company Alibaba Group Holding Ltd's shares as par...

Singapore buys $1 billion in Alibaba stock in SoftBank sale

Singapore buys $1 billion in Alibaba stock in S...

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By Peter Henderson and Arathy S Nair (Reuters) - Singapore state funds bought $1 billion of shares in Chinese e-commerce c...

Temasek, GIC buy $1 billion in Alibaba stock in...

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Singapore state funds bought $1 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd as part of an $8...

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