January 9, 2017 / 11:15 PM / 6 months ago

BRIEF-Alibaba announces proposal to privatize Intime Retail

1 Min Read

Jan 9 (Reuters) - Alibaba Investment Ltd:

* Alibaba announces proposal to privatize Intime Retail

* Says maximum amount of cash required for proposal is expected to be approximately HK$19.8 billion

* Alibaba to become controlling shareholder of Intime, expected that its shareholding in co would increase to approximately 74% Source text for Eikon: Further company coverage:

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