Lei Di.com Lei Jianping reported on August 10
2022, SoftBank's life is very difficult.
Alibaba issued an announcement on the Hong Kong Stock Exchange stating that the major shareholder SoftBank announced today that the board of directors has approved early share settlement SoftBank's previous advance payment forward contracts that used some Alibaba shares held by SoftBank to raise funds .
SoftBank will settle its advance forward contract in advance involving up to Alibaba Group approximately 242 million shares of Alibaba Group American depositary shares , accounting for approximately 9% of the total number of shares issued by the company.
The above-mentioned shares settlement will begin in mid-August 2022 and is expected to be completed by the end of September 2022.
After the settlement of the above shares is completed, SoftBank expects that the shares of the company (including shares used for continuous realization transactions) that it has profitably owned will be equivalent to approximately 14.6% of the total number of shares issued by Alibaba Group.
The so-called advance forward contract is a trading strategy that allows large shareholders to obtain a cash from their counterparties in advance with a stock, which is usually 70%-80% of the stock market value at that time, and also comes with an optional option related to this stock, that is, whether to sell stocks at expiration or the number of stocks eventually sell. If you choose not to sell the stocks during delivery, you will return the cash and corresponding capital costs that you have obtained.
As of today, Alibaba's stock price is US$91.19 and its market value is US$241.4 billion. Based on this calculation, SoftBank settled shares are worth more than US$20 billion.
SoftBank just released its fiscal first quarter results report for the 2022 fiscal year ended June 30. According to the financial report, SoftBank's net loss of 3.16 trillion yen (about US$23.4 billion), setting a record for the loss of 1.7 trillion yen in the last quarter.
For a long time, SoftBank Vision Fund has focused on investing in the field of technology and was once very popular. But 2022 is an unusual year for SoftBank.
64-year-old Masayoshi Son said at the performance press conference, "I feel ashamed of my greed for huge profits in the past. We are too confident and too ambitious."
It is also in this context that SoftBank began to cut off its arms and survive. Although Masayoshi Son was subjectively unwilling to give up more Alibaba stocks, SoftBank still stated that selling Alibaba shares in advance could help the company "raise funds in advance", and at the same time, " hedges the decline in stock price."
Recently, SoftBank also cleared Uber. SoftBank sold its Uber shares at an average price of $41.47 per share in 2022, according to documents submitted by SoftBank to the SEC.
As of July 15, 2022, Alibaba Vice Chairman Cai Chongxin held 1.4% of the shares.
As of July 15, 2022, Alibaba's shareholding
SoftBank is still the major shareholder of Alibaba, with a shareholding of 23.9%.
As of July 22, 2021, Alibaba's equity structure
As of July 22, 2021, SoftBank held 24.8% of the shares and Cai Chongxin held 1.4% of the shares.
Since Alibaba founder Jack Ma has long stepped down as Alibaba's chairman and CEO, his shareholding situation has not been disclosed. But it is clear that Jack Ma's shares have long dropped below 5%.
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