Softbank denies tie with Alibaba’s registration of 1 billion ADSs

Alibaba’s recent registration of additional American Depositary Shares is not tied to any specific future transaction by SoftBank Group, a spokesperson for the Japanese conglomerate said on Wednesday.“The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG,” SoftBank said in a statement to Reuters.E-commerce giant Alibaba last week filed to register an additional 1 billion American…

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