News Snapshot:
Baba Stock – E-House (China) Enterprise & Taobao China Enter Alibaba Subscription Deal Co and Alibaba Investment Entered Into Jv Acquisition Agreement. Subscription price of Hk$7.50 Per/ Share. E-house to Issue 66.7 Million Subscription Shares to Yunfeng at Hk$7.50/share for Hk$500 Million. E-house to Issue, Allot 133.3 Million Shares at Hk$7.50/share for Hk$1,000 Million to Zhou Subsidiary. Alibaba Investment Agreed to Sell, an 85% Stake in Jv to Co at Hk$1,860 Million. E-house and Alibaba China Also Entered Into Strategic Cooperation Amendment Agreement. Under Agreement With Alibaba Investment Consideration Shall Be Settled by Co by Issuing 248 Million Jv Consideration...
