Alibaba's Hong Kong shares set to open up 15% on split-up plans

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 29 (Reuters) - Hong Kong shares of Alibaba Group were set to open up 14.96% after it announced plans to split into six units and explore fundraisings or listings for most of them. The stock was set to open at HK$96.85 each. That compared with a 2.9% gain for the benchmark Hang Seng Index and a 4.2% jump for the Hang Seng Tech Index .
(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)

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