Ron Burgundy Posted February 29, 2016 Share Posted February 29, 2016 Alibaba Group Holding Ltd said on Monday Chairman Jack Ma and Vice Chairman Joe Tsai have agreed to buy back a combined $500 million in company shares, part of a $4 billion stock repurchase scheme announced in August. Sina News reported that Ma and Tsai had signed an agreement to use their private funds to repurchase shares worth $500 million. In August, Alibaba announced the $4 billion share repurchase program which would take place over two years and was aimed at offsetting the impact of its share-based compensation programs. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.