Alibaba executives lifting of the ban after the first reduction of the stock

According to HKEx published information, Alibaba Group Vice President Peng wing in the Czech Republic on June 24th to the 30th five days, the declaration of the reduction of 25 million shares of company stock, or an average price of 10.835 Hong Kong dollar. After the reduction, Peng Yi, Czech Republic remained 0.05 percent share of the shares. One June 30, the reduction of 24 million shares.

According to information available, this is the first time the reduction of Alibaba executives, Peng wing of the Czech Republic all 57 million this year on May 5 the lifting of the ban.

Alibaba listed in the last year to 13.5 after the Hong Kong dollar IPO was rushed into the Hong Kong dollar 40, but after all the way down, and fell below the issue price. Although Alibaba in March to the first annual report after listing with up to 340 percent profit growth, but shares slump continued. Today, the stock Zaidie 3.09 percent, closing 10.04 Hong Kong dollar, the market price for the lowest point.