Following JD-SW (09618.HK) -5.300 (-4.109%) Short selling $236.22M; Ratio 8.202% 's proposed issuance of US$1.75 billion convertible senior debts, BABA-SW (09988.HK) -4.350 (-5.241%) Short selling $865.26M; Ratio 10.895% is also considering a US$5 billion convertible bond issuance to fund share buybacks and business growth, Bloomberg quoted sources as saying.
BABA-SW subtracted after the news. The stock last printed at $78, down 6.02%, with 77.2531 million shares traded, involving $6.133 billion.
BABA-SW has been in talks with investment banks about issuing bonds convertible into US-listed stock, which could be issued as soon as this week, but no final decision has been made, the sources said.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-23 16:25.)
