Japan's SoftBank says additional Alibaba ADS registration not tied to future deal

Japan's SoftBank says additional Alibaba ADS registration not tied to future deal

FILE PHOTO: SoftBank Corp Representative Director and CTO Junichi Miyakawa speaks during their joint news conference with Toyota Motor Corp Executive Vice President Shigeki Tomoyama (not pictured) in Tokyo, Japan October 4, 2018. REUTERS/Issei Kato

Alibaba‘s recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.

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