February 1, 2018 / 12:54 PM / 6 months ago

BRIEF-Alibaba Group To Have Right To Nominate 2 Officers Or Employees

Feb 1 (Reuters) - Alibaba Group Holding Ltd:

* ALIBABA GROUP-UNDER AMENDED AGREEMENT, UPON CLOSING OF ISSUANCE, CO TO HAVE RIGHT TO NOMINATE 2 OFFICERS/EMPLOYEES OF CO/UNITS TO ANT FINANCIAL BOARD ‍​

* ALIBABA GROUP- 2018 SAPA AMENDMENT ALSO PROVIDES ALIBABA INDEPENDENT COMMITTEE WITH NEW APPROVAL RIGHTS OVER INCREASES TO SIZE OF ANT FINANCIAL BOARD ‍​ Source text: (bit.ly/2EuGfu9) Further company coverage:

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