Settlement of 242 million Alibaba ADS, a huge silver silver behind ADS, urgently need to cash out "hemostasis"

On the evening of August 10th, the reporter Qian Yujuan, a reporter from Economic Observation Network, announced that SoftBank Group said that the board of directors of SoftBank has approved a few prepaid forward contracts (Forward Contract) set up with several financial institutions in advance with several financial institutions. The contract was set up by SoftBank to raise funds to raise funds.

SoftBank Group announced that it will reduce its holdings of approximately 242 million Alibaba US deposit shares through settlement of long -term contracts, accounting for about 9%of Alibaba's total shares.

Reduce holding Ali and lose the right to nominate nominations

In the past two years, SoftBank Group led through the investment bank brokerage and signed a number of prepaid long -term contracts. It can be replaced back to the shares delivered at the contract through cash settlement. Cash.

"Don't recover the shares, that is, it is really sold." Chen Da, executive director of the Head Creation (Hong Kong) focusing on the analysis of US stock investment analysis, noticed that it was different from the plunge after the financial report issued. SoftBank Group (stock code: SFTBY )'s stock price is "not shocked", which has closed at $ 20.4/share, an increase of 5.1%; Alibaba (stock code: BABA) also only close at $ 92.43 per share, an increase of 1.36%.

Chen Da judged that "Mr. Smart Market has digested this news in advance." You can also see one or two from the disclosure of SoftBank Group.

Regarding the settlement of the above -mentioned prepaid long -term contracts, SoftBank Group stated that it would not lead to the addition of Alibaba's shares to the market for transaction opponents of various financial institutions.

For SoftBank Group's reduction in Alibaba's shareholding, period, and quantity, Chen Da feels that it is clearer than the unlimited and unlimited way of reducing holdings. It is reported that the above shares settlement will begin in mid -August 2022 and is expected to be completed at the end of September 2022.

While the sale allowed SoftBank Group to get 4.6 trillion yen (discount about 232.8 billion yuan), it also allowed it to have a shareholding of Alibaba Group from 23.7%to 14.6%after the settlement was completed. Even though Softbank Group is the only major shareholder with more than 5%of Alibaba's shareholding, it will lose its nominations to Alibaba's board of directors after the shareholding ratio of its holding to less than 15%.

When SoftBank Group first suffered losses in 2019, the loss reached 1.37 trillion yen (a discount of 69.3 billion yuan), Sun Zhengyi, the founder of SoftBank Group, was also among the board of directors of Alibaba.

In March 2020, SoftBank Group ministed Alibaba's shares and cash out $ 15 billion. After three months, Sun Zhengyi withdrew from Alibaba's board of directors. This action also released directly to the outside world. Cash out signal.

SoftBank loses a lot, Sun Zhengyi reflects on "apology"

"Early shares settlement will eliminate concerns about the future cash outflow of SoftBank, reduce costs related to prepaid long -term contracts, and further strengthen their defense capabilities for the severe market environment." SoftBank Group said in the announcement.

Just two days before the above -mentioned prepaid forward contract settlement news released, on August 8th, SoftBank Group released the second quarter financial report this year, with a net loss of 3.16 trillion yen (a discount of 158.9 billion yuan).

This transcript also set the most historical history of SoftBank Group- "the biggest loss in a single quarter". On the same day, Sun Zhengyi carried out an hour of "self -criticism" for this time. He said, "I feel ashamed for my past greed for huge profits."

In early 2020, when talking about the future of SoftBank, Sun Zhengyi said, "It doesn't look bad", and in June 2020, he also said that "as long as possible to hold Ali stocks for a long time." The greater change occurred in 2021, and the net profit of SoftBank Group continued to decline. Until November 9 last year, after the performance report of the third quarter of 2021, the profit status began to turn a loss.

After entering 2022, the losses of SoftBank Group continued to expand. Data show that in the first quarter of this year, its net loss reached 2.1 trillion yen (about RMB 110.8 billion). In addition, the net loss in the second quarter, in just half a year, the company had "blood loss" of nearly 53,000 yuan in nearly half a year. 100 million yen.

Sun Zhengyi once said, "We have been financing with Alibaba's stock. Such a transaction has made us have good cash reserves." Today, the cash flow crisis of SoftBank Group is worsened. Its "life -saving grass" is not only Alibaba.

The $ 7 billion stock exchange agreement reached with Germany in 2021 also became a channel for SoftBank Group to seek cash. Public information shows that the vision fund of SoftBank Group not only cash out from technology companies such as Uber and real estate trading platform OpenDoor. In March of this year, Vision Fund first sold 50 million stocks of Korean e -commerce giants Coupang, which cash out $ 1.044 billion. The price of $ 2.1 billion has cleared the shares of the autonomous driving project CRUISE to return the capital.

In response to Softbank Group's selling Alibaba shares for cash, due to the large reduction in holdings, Chen Da feels that "short -term may face the stock price pressure." He believes that the current market is facing a large "throwing pressure", and It is not only for SoftBank Group, but also for Alibaba on the other side.

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