Alibaba's Wei Wai Secures ST Huatong Shares at 2.79 Billion Yuan, with a Premium of 12%

Glodon July 30th | According to Alibaba's Asset Platform, today, in the public auction of ST Huatong shares held by Shaohe, Wei Wai won the bid for 2261.73 million shares (approximately 0.3% of the company's total share capital) at a price of 2.79 billion yuan, equivalent to approximately 12.35 yuan per share. Based on ST Huatong's latest price of 12.51 yuan per share, this time Wei Wai purchased ST Huatong shares at a discount of 1.3%. During the bidding period, the auction atmosphere was extremely intense, with multiple rounds of bidding that took place within 10 seconds of each other, and eventually succeeded after 31 rounds of bidding, 24 times delayed, with a transaction price that is approximately 12% higher than the starting price of 2.49 billion yuan.