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SoftBank to book $2.7b gain from Alibaba share transfer to wholly-owned arm

SoftBank to book $2.7b gain from Alibaba share transfer to wholly-owned arm

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

Reuters

30 March, 2023

SoftBank Group said on Thursday it would recognise a 359.6 billion yen ($2.7 billion) gain from the transfer of a stake in Alibaba Group Holdings to a wholly-owned subsidiary called Shiodome Project 17 GK.

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