Ali Health Denies Alibaba Selling Shares Rumor

Healthcare Jul 20, 2020 10:52 AM (GMT+8) · EqualOcean

Ali Health (00241:HKEX), on July 18, made an announcement under its official account on Weibo, the Chinese twitter, that it is a rumor that Alibaba reduced 154 million shares at a per-share price of HKD 22.05 in Ali Health. The rumor started to spread on July 14. The company’s stock price fell from above HKD 21 to under HKD 19 the next day. After the clarification, the price seems to recover as of July 20.

This text is a result of machine translation.

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