Edited by Li Zedong
On the evening of December 3, Focus Media, TransInfo Technology, Meinian Health, and Actually Home announced that recently, Ali Network, a shareholder of more than 5% of the company's shares, signed a "Share Transfer Agreement" with Hangzhou Haoyue, stipulating that Ali Network will transfer its shares to Hangzhou Haoyue through agreement transfer.
It is worth mentioning that on the evening of December 1, YTO Express, Macalline, and Beauty Beauty also issued reports on changes in equity, and Ali Network will transfer the shares of listed companies to Hangzhou Haoyue, and after the transaction is completed, Ali Network will no longer directly hold shares of listed companies.
This means that, as of now, Ali Network has withdrawn from the seven listed companies it holds.
Up to now, Hangzhou Haoyue has spent 19.4 billion yuan to buy shares in listed companies held by Alibaba Network.
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The main reason for the withdrawal of Alibaba Network is that in order to realize the independent development of Alibaba Network's main business and non-main business, perform its own duties, improve operating efficiency, further realize the value preservation, appreciation and sustainable development of assets, and build a competitive enterprise, Alibaba Network has decided to implement the separation of existence.
In addition, the announcement of the relevant company also pointed out that the change in equity did not lead to a change in the actual controller of the company, and will not have an impact on the actual control of the company, the company's governance structure and continuing operations. At the same time, the corresponding commitments and restrictive measures (if any) involved in the underlying shares will continue to be fulfilled by Hangzhou Haoyue.
This means that after this equity "change", Alibaba did not give up its investment in the above seven A-share companies, but turned to the newly established investment company to hold it on behalf of the company.
Specifically, on December 3, Focus Media announced that on November 30, Ali Network and Hangzhou Haoyue signed the "Share Transfer Agreement", stipulating that Ali Network would transfer 885 million shares of the company to Hangzhou Haoyue at a transfer price of 6.62 yuan per share through agreement transfer.
According to the agreement, Alibaba Network transferred its 885 million shares of the company to Hangzhou Haoyue at a transfer price of RMB 6.62 per share through an agreement transfer. The above transfer price per share shall not be less than ninety percent (90%) of the closing price of Focus Media's shares on the trading day immediately preceding the signing of the Share Transfer Agreement, and the total share transfer price payable by Hangzhou Haoyue is RMB5.86 billion.
The announcement of the house said that in view of the existence and division of the shareholder Ali Network, it is proposed that Hangzhou Haoyue, a newly established entity after the division, will inherit the shares of the house it holds. Ali Network intends to transfer its 9.18% stake in the house to Hangzhou Haoyue. The transfer price was 3.55 yuan per share, and the total share transfer price was 2.048 billion yuan.
Meinian Health announced that the company's shareholder Ali Network decided to implement the separation of Ali Network (the surviving company) and the new companies Hangzhou Haoyue, Chuanbin Technology (Hangzhou) Co., Ltd., and Chuanhang Technology (Hangzhou) Co., Ltd., and the shareholders and shareholding ratios of the surviving companies and the newly established companies after the separation are the same as the shareholders and shareholding ratios of Ali Network before the division.
All the shares of the company held by Alibaba Network were inherited by Hangzhou Haoyue, a newly established company after the spin-off, and on November 30, 2023, it signed the Share Transfer Agreement with Hangzhou Haoyue, stipulating that Alibaba Network will transfer 8.02% of the company's shares held by Alibaba Network to Hangzhou Haoyue. The transfer price per share was 6.17 yuan, and the total transfer price was 1.937 billion yuan.
TransInfo Technology announced that the shareholder Ali Network intends to transfer 14.11% of the company's unrestricted tradable shares held by it to the transferee Hangzhou Haoyue through an agreement transfer. The transfer price per share was 12.08 yuan, and the total share transfer price was 2.694 billion yuan.
Previously, on the evening of December 1, YTO Express, Macalline, and Beauty Beauty issued an announcement on the change of equity, and Ali Network transferred the shares of listed companies held by it to Hangzhou Haoyue, a newly established concerted action company, and after the transaction was completed, Ali Network no longer directly held shares of listed companies.
YTO Express said that the change in equity will not lead to a change in the number of shares in which Alibaba Venture Capital and Cainiao Supply Chain have interests in the company, and after the completion of the share transfer, the total number of shares in which Alibaba Group enterprises have interests in the company has not changed, and Hangzhou Haoyue holds 11.02% of the shares.
Macalline also disclosed the change in equity for the same reason, and Alibaba Network transferred all 248 million shares held by Macalline to Hangzhou Haoyue Inheritance. After the completion of this equity change, Alibaba Network no longer holds any shares of Macalline, and Hangzhou Haoyue holds 5.7% of Macalline's total share capital.
According to the transfer agreement, the transfer price per share of Macalline is 4.24 yuan, which is not less than ninety percent (90%) of the closing price of Macalline's shares on the trading day before the date of signing the agreement, and the total share transfer price paid by the transferee Hangzhou Haoyue is 1.052 billion yuan, and after the completion of the transaction, Hangzhou Haoyue and Alibaba Software, Taobao Holdings, and New Retail Fund constitute concerted actors, holding a total of 10% of the shares of Macalline.
In addition, Beauty Beauty also announced that Ali Network intends to transfer 70.3767 million shares (17.57%) of the company held by Ali Network to Hangzhou Haoyue at 11.26 yuan per share, with a total transfer price of 792 million yuan.
According to the announcement, Hangzhou Haoyue Enterprise Management Co., Ltd. was established in 2021, the legal representative is Hu Xiao, with a registered capital of about 4.264 billion US dollars (about 30.5 billion yuan), and its business scope is enterprise management, enterprise management consulting, and information consulting services, which are jointly held by Taobao (China) Software Co., Ltd., Zhejiang Tmall Technology Co., Ltd., and Alibaba Network China Co., Ltd.
Since the beginning of this year, Alibaba Group has continued to make big moves
On March 28, Alibaba launched the largest organizational change in its 24-year history, and Alibaba Group was split into several independent companies of "1+6+N".
On September 10, Wu Yongming became the CEO of Alibaba Group, the chairman of Taotian Group, and the chairman and CEO of Alibaba Cloud Intelligence Group.
In mid-November, Wu Yongming participated for the first time as the newly appointed CEO at Alibaba's third quarterly earnings analyst conference call, and announced a series of changes: suspending the IPO of Hema Fresh and no longer promoting the complete spin-off of Cloud Intelligence Group. At the same time, Alibaba's first batch of strategic innovation businesses - 1688, Xianyu, DingTalk, and Quark surfaced.
At the earnings conference, Alibaba executives also mentioned that the group plans to increase ROIC (return on capital) to a double-digit level in the next few years.
In order to achieve this goal, we will invest more in our core business, invest in innovation and growth, so as to improve the profitability and revenue of our core business in the future, and thus increase the return on capital. For non-core businesses, it is necessary to turn this part of the investment into profitability as soon as possible.
"For some of the investments, we still have the opportunity to monetize them, and through monetization, we can also return value to the group's shareholders in the future, thereby helping the group improve the return on capital. In addition, we have a number of other investments, including investments in equity securities, equity investments, and investments in some affiliates. All of these investments are also a resource that we can use to boost our return on capital. Xu Hong, CFO of Alibaba Group, said.
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