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XPeng | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Alibaba Group Holding Limited(4.9%),Taobao China Holding Limited(4.9%)

SEC announcement ·  Mar 22 06:07
Summary by Moomoo AI
Alibaba Group Holding Limited and Taobao China Holding Limited, both reporting entities, have filed an amendment to their Schedule 13D with the United States Securities and Exchange Commission on March 22, 2024, indicating a significant change in their ownership of XPeng Inc. shares. As of March 20, 2024, both entities ceased to be the beneficial owners of more than five percent of XPeng's Class A Ordinary Shares, marking this filing as an exit from their position. The amendment, identified as Amendment No.3, follows previous filings dating back to September 7, 2020, and subsequent amendments in December 2023. The reporting entities sold a substantial amount of securities, specifically 33,000,000 American Depositary Shares (ADSs), representing 66,000,000 Class A Ordinary Shares, at a price of $9.515 per ADS on March 20, 2024. This sale reduced...Show More
Alibaba Group Holding Limited and Taobao China Holding Limited, both reporting entities, have filed an amendment to their Schedule 13D with the United States Securities and Exchange Commission on March 22, 2024, indicating a significant change in their ownership of XPeng Inc. shares. As of March 20, 2024, both entities ceased to be the beneficial owners of more than five percent of XPeng's Class A Ordinary Shares, marking this filing as an exit from their position. The amendment, identified as Amendment No.3, follows previous filings dating back to September 7, 2020, and subsequent amendments in December 2023. The reporting entities sold a substantial amount of securities, specifically 33,000,000 American Depositary Shares (ADSs), representing 66,000,000 Class A Ordinary Shares, at a price of $9.515 per ADS on March 20, 2024. This sale reduced their ownership stake to 4.9% of Class A Ordinary Shares, which equates to 4.0% of the total issued and outstanding ordinary shares of XPeng Inc. The transaction was executed on the New York Stock Exchange under Rule 144. The filing signifies the final amendment to the Schedule 13D for Alibaba Group Holding Limited and Taobao China Holding Limited, effectively concluding their reporting obligations for this investment.

This announcement is a separate document:

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