Aug 23 (Reuters) – China’s Alibaba announced on Sunday a proposed placement of new shares in Hong Kong.
The aggregate placement consideration is HK$80 billion ($10.2 billion), the company added.
($1 = 7.8396 Hong Kong dollars)
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by William Mallard)
Brought to you by www.srnnews.com
