1. Friday May 25, 2018
      Home > BUSINESS
      Text:| Print|

      Alibaba buyout bid 'adds flexibility'

      2012-02-23 10:33 China Daily     Web Editor: Zhang Chan comment

      Alibaba Group Holding Ltd's bid to privatize its Hong Kong-listed business-to-business arm, Alibaba.com Ltd, could help the company retune its operating strategy and add flexibility to ongoing negotiations with Yahoo Inc, said analysts.

      "Privatizing Alibaba Group's B2B sector is one of the steps for the company to build a more efficient and cooperative e-commerce platform," said Qi Jianzhe, an analyst at the Internet research company Analysys International.

      Alibaba Group announced on Tuesday night that it has made a bid to buy out minority shareholders in Alibaba.com Ltd. The parent company offered HK$13.50 ($1.76) for each share to buy a stake of 27 percent.

      The offered price per share represents a premium of approximately 45.9 percent over the company's closing price of HK$9.25 on Feb 9, the day trading was temporarily suspended, said Alibaba.com's statement to the Hong Kong stock exchange.

      Alibaba Group, based in Hangzhou, Zhejiang province, will need at least HK$18 billion to close the deal, said analysts.

      The parent company is capable of raising adequate capital from banks and using its immense cash reserves, said Kelvin Ho, an analyst at Yuanta Securities Co Ltd. Ho added that, at the end of 2011, the company's net cash totaled more than 10 billion yuan ($1.5 billion).

      Alibaba Group also signed a $3 billion loan agreement with six banks on Tuesday. The group is likely to seek more lenders to underwrite the loan, Bloomberg News reported.

      "After the buyout, Alibaba Group will enjoy more flexibility to restructure its business," said Richard Ji, managing director of Morgan Stanley Asia Ltd.

      Alibaba Group split its customer-to-customer and business-to-customer units in mid-2011 to help the growth of its B2C arm, Tmall.

      Although Alibaba Group has denied any link between the buyout and the negotiations with Yahoo, analysts suggested that the privatization plan may help Alibaba to close a repurchasing deal with the US company.

      "Alibaba.com is a non-core asset for the group, so it is possible that the repurchased stock will be used in exchange for about 25 percent of the holdings from Yahoo," according to a Yuanta Securities report.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 免费一级毛片在播放视频| 日韩视频免费在线| 亚洲伊人tv综合网色| 国产成人免费AV在线播放| a级亚洲片精品久久久久久久| 一本岛v免费不卡一二三区| 精品国产日韩亚洲一区| 两个人的视频www免费| 国产亚洲精品美女久久久| 免费观看91视频| aaa毛片免费观看| 亚洲中文字幕在线第六区| 182tv免费视频在线观看| 亚洲a一级免费视频| 亚洲免费中文字幕| 亚洲中文字幕一区精品自拍| 国产一区二区三区免费看| 一级成人生活片免费看| 亚洲gv猛男gv无码男同短文| 在线看片免费人成视久网| 中文字幕无码精品亚洲资源网久久| 国产精品免费在线播放| 亚洲成AV人片在线观看ww| 国产高清免费视频| 亚洲GV天堂GV无码男同| 中文字幕亚洲一区二区三区| 99精品视频免费在线观看| 亚洲最大天堂无码精品区| 亚洲国产aⅴ综合网| 免费国产污网站在线观看15| 国产成人亚洲综合一区| 亚洲精品国产电影| 18女人水真多免费高清毛片| 亚洲AV女人18毛片水真多| 亚洲色大成网站www永久一区 | 日韩免费无码一区二区视频| 一级毛片免费不卡直观看| 亚洲日产2021三区| 亚洲人成网站18禁止一区| 亚洲免费福利视频| 一级做a爰黑人又硬又粗免费看51社区国产精品视 |