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Yahoo! Inc. (YHOO) Message Board

  • emat12000 emat12000 Feb 8, 2012 10:37 PM Flag

    Hong Kong Suspension

    So not familiar with Hong Kong trading, but typically shares in the US would not be suspended this long on an open like this. Wonder what they are waiting for to resume trading or make an announcement. Surely they are not waiting for Yahoo to announce something in the US. No reason Yahoo could not announce it tonight if that were the case. Might have nothing to do with Yahoo as well. Just seems strange its halted this long in Hong Kong.

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    • Probably some kind of chinese shenanigans to tank the alibaba stock so yahoo's cut is worth less. Wouldn't surprise me. LOL

    • Announcement of Bostick and three other BOD members yesterday and today announcing the suspension of trading of Alibaba.com and finally, loan has been guaranteed and ready to be spent. Something is brewing big big big!!!

    • I suspect, that the company became aware that news of a deal had been leaked out beyond the corporate walls, and they are doing the right thing by asking for a halt to make an official announcement...and avoid otherwise later having to respond to authorities over the volatility in the stock price without any public news. Recall that yesterday, alibaba.com spiked into the last two hours of trading...not sureif this is good, bad, or unrelated to Yahoo!

      I still suspect that the official deal may involve Yahoo! taking a large equity interest in alibaba.com as part of thecash-rich split.

      • 2 Replies to kittycrazy21
      • This is insightful. In fact I saw somebody or some article either today or yesterday mentioning Yahoo looking for diverging assets be included in the cash rich split deal. Alibaba.com probably is one of what Yahoo seems interested w.r.t. the new revenue stream(s). If Alibaba.com somehow eventually changes its ownership to Yahoo, what kind of deal structure will that be? e.g. Yahoo purchasing all Alibaba.com outstanding shares and retire it from HKex? Or somehow a stock swap? Or Yahoo assuming majority ownership (AG goes minority)? I maybe looking too much down the road. Just curious how will it be played out should this scenario become viable.
        I will say this though, looking at new Yahoo CEO's background, this budding Alibaba.com story looks more and more interesting.

      • Yahoo getting shares of Alibaba.com has been expected for a long time.

    • Alibaba.com Ltd. (1688), a unit of China’s biggest e-commerce company, suspended trading of its shares in Hong Kong pending a statement to clarify speculation about a transaction involving its parent company.

      The statement about the parent may be “potentially price sensitive,” Alibaba.com said in a filing to the Hong Kong stock exchange today, without elaborating. Alibaba Group Holding Ltd. owns more than 70 percent of Hong Kong-listed Alibaba.com.

      Alibaba.com rose 5.5 percent yesterday, the biggest gain since Nov. 22. Julie Huang, a Hong Kong-based spokeswoman for the company, declined to comment today.

      Parent Alibaba Group wants to finalize terms of a loan of about $3 billion by the end of this week, a person familiar with the matter said. Alibaba Group is borrowing for a potential buyback of shares held by U.S. investor Yahoo! Inc. (YHOO), the person said.

    • alibaba is up 7% in the last 3 days on twice the daily avg.this could be good for yahoo

 
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