China's Alibaba Group, working in the field of Internet commerce, in order to become more flexible in raising capital, decided to divide ordinary shares by 8. The operator of the world's largest trading electronic platform submitted a corresponding statement approved by the board of directors of Alibaba. By dividing one common share by eight, the number of shares available for issuance will be increased, the value of which will decrease. Today's 4 billion shares will increase to 32 billion shares, retaining a total value of 100 thousand dollars. At the same time, the voting right of shareholders will remain the same. If these changes are approved by the shareholders at the annual meeting on July 15 in Hong Kong, they will take effect in a year.
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