Alibaba.com Conducts Reorganisation
$BABA-SW(09988.HK$ continues its reorganization, splitting its subsidiary Alibaba.com into 4 companies, namely Alibaba.com, Hangzhou Haoyue, Chuanbin Technology, and Chuanhang Technology.
The equity of 7 listed companies owned by the original Alibaba.com will be transferred to Hangzhou Haoyue. Such holdings include shares of $YTO Express Group(600233.SH$ , $RS MACALLINE(01528.HK$ $Red Star Macalline Group Corporation(601828.SH$ , $Shanghai Lily&Beauty Cosmetics(605136.SH$ , $Easyhome New Retail Group Corporation(000785.SZ$ , $China TransInfo Technology(002373.SZ$ , and $Focus Media Information Technology(002027.SZ$.
The announcement of the 4 new companies pointed out that the reorganization is to realize Alibaba.com's focus on its main business, while splitting out non-core businesses for independent development, so as to improve operational efficiency, further preserve the value of assets, and create a competitive enterprise through value-added and sustainable development. ![]()
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Hangzhou Haoyue's business is enterprise management, enterprise management consulting and information consulting services.
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102319027 : Great news for shorts. equity removed means value decreased.
Thelord : Thought they just had a reorg a few months ago. Looks like management trying to do fancy stuff rather than focusing on how to improve the business. Market likely going to punish it by dumping very hard