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Hon Hai sold $186.4 million of Alibaba shares at $295.84 per share

Hon Hai, Foxconn Ventures, sold 630,000 shares of Alibaba’s ADS, the company said in an exchange filing. The deal date was October 8, and the total amount of the transaction was $186.38 million. The sale of the shares was equal to 0.02 percent of the shares. On Oct. 9, Alibaba’s Hong Kong shares rose more than 1% in intraday trading to a record HK $292.8 billion, giving it a market value of HK $6,333.35 billion.

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Cheryl Fu

Cheryl is adept at capturing the most topical business news and has her own unique analysis. This is rare for a young person and she's offered up some really interesting ideas since joining FirmKnow Media.

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