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BRIEF-Alibaba Group Announces Withdrawal Of Cainiao IPO Application
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BRIEF-Alibaba Group Announces Withdrawal Of Cainiao IPO Application
Mar 26, 2024 4:10 AM

March 26 (Reuters) - Alibaba Group Holding Ltd ( BABA )

:

* ALIBABA GROUP ANNOUNCES WITHDRAWAL OF CAINIAO IPO

APPLICATION

AND PROPOSAL TO ACQUIRE ALL OUTSTANDING SHARES

* ANNOUNCES WITHDRAWAL OF CAINIAO IPO APPLICATION AND

PROPOSAL TO

ACQUIRE ALL OUTSTANDING SHARES FROM CAINIAO MINORITY

SHAREHOLDERS

* ALIBABA GROUP ANNOUNCES WITHDRAWAL OF CAINIAO IPO

APPLICATION

* AFTER COMPLETION OF OFFER, ALIBABA GROUP PLANS TO ALIGN

PART OF

CAINIAO'S BUSINESS

* CAINIAO SMART LOGISTICS NETWORK WITHDRAWN ITS INITIAL

PUBLIC

OFFERING AND LISTING APPLICATION ON HONG KONG STOCK EXCHANGE

* ALIBABA GROUP PLANS TO OFFER TO MINORITY SHAREHOLDERS OF

CAINIAO

AN OPPORTUNITY TO SELL ALL OF OUTSTANDING SHARES OF CAINIAO

* PLANS TO OFFER TO MINORITY SHAREHOLDERS OF CAINIAO

OPPORTUNITY

TO SELL ALL OF OUTSTANDING SHARES OF CAINIAO HELD BY THEM TO CO

* PLANS TO OFFER TO MINORITY SHAREHOLDERS OF CAINIAO

OPPORTUNITY

TO SELL ALL OF OUTSTANDING SHARES OF CAINIAO FOR US$3.75 BILLION

* CAINIAO SHAREHOLDERS MAY CHOOSE TO ACCEPT OFFER AND SELL

THEIR

SHARES TO CO FOR CASH CONSIDERATION OR CONTINUE TO OWN CAINIAO

SHARES

Further company coverage:

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