Alibaba Sells $1.6 Billion Stake in Sun Art Amid Strategic Shift
2 days ago · Alibaba, which had bought the controlling stake in Sun Art for $3.6 billion just two years ago, is estimated to have lost about $1.8 billion from the transaction.
Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount
4 days ago · That’s significantly less than the $3.6 billion Alibaba paid just to double its stake in Sun Art in 2020, and falls far short of Sun Art’s 2024 market value of about $3 billion.
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For …
4 days ago · Sun Art Retail confirmed that on December 31, 2024, Offeror entered into a sales and purchase agreement with the Sellers for the conditional sale and purchase of about 7.51 billion Shares (namely the Sale Shares, representing approximately 78.70% of the Shares in issue as at the date of the joint announcement) at a total consideration of HK$10. ...
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to ...
4 days ago · Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China’s largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its ...
Alibaba to sell shares in Sun Art Retail to DCP Capital at huge ...
3 days ago · Alibaba Group Holding Ltd. has agreed to sell its more than 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP Capital for up to HK$12.3 billion (S $2.16 billion) to focus on its ...
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
4 days ago · Chinese e-commerce major Alibaba Group has agreed to divest its interest in the Sun Art Retail Group, a hypermarket operator, to Paragon Shine for K$12.29bn ($1.58bn). The buyer is an exempt...
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
4 days ago · China's Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 ...
Alibaba Announces Sale of Sun Art Shares - Nasdaq
3 days ago · Alibaba Group Holding Limited announced the disposal of its shares in Sun Art Retail Group, a move that involves selling approximately 73.66% of Sun Art shares held through its subsidiaries.
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For …
4 days ago · Sun Art Retail confirmed that on December 31, 2024, Offeror entered into a sales and purchase agreement with the Sellers for the conditional sale and purchase of about 7.51 billion Shares (namely ...
Sun Art Retail Shares Slide on Alibaba's Exit | Morningstar
4 days ago · Shares of Sun Art Retail Group fell sharply after Alibaba Group said it would unload the Chinese hypermarket operator, less than five years after its acquisition of a controlling stake.
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