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Published 2 years ago

SoftBank shares rise 5% on news of trimming Alibaba stake

Summary by Ground News
Shares in SoftBank Group Corp rose 5 per cent in morning trading in Tokyo on Friday. Japanese conglomerate said it would book a $34.1 billion gain by trimming its stake in Alibaba Group Holding. SoftBank Chief Executive Masayoshi Son is moving to shore up his group's cash reserves.

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ReutersReuters

SoftBank shares rise 5% on news of trimming Alibaba stake

Shares in SoftBank Group Corp rose 5% in morning trading in Tokyo on Friday after the Japanese conglomerate said it would book a $34.1 billion gain by trimming its stake in Alibaba Group Holding , .

2 years ago·United Kingdom
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Channel News AsiaChannel News Asia

SoftBank shares rise 5% on news of trimming Alibaba stake

TOKYO :Shares in SoftBank Group Corp rose 5 per cent in morning trading in Tokyo on Friday after the Japanese conglomerate said it would book a $34.1 billion gain by trimming its stake in Alibaba Group Holding. SoftBank Chief Executive Masayoshi Son is moving to shore up his group's cash reserves and accelera

2 years ago·Singapore
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Business TodayBusiness Today

SoftBank shares rise 5% on news of trimming Alibaba stake

SoftBank Chief Executive Masayoshi Son is moving to shore up his group's cash reserves and accelerating asset sales after the Vision Fund investment arm booked a $50 billion loss in the six months to June-end

2 years ago·India
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