[ET Net News Agency, 7 February 2020] Alibaba Health Information Technology Limited
(00241) said it will acquire 100% of the equity interest in Ali JK ZNS Limited, an
offshore holding vehicle which is indirectly wholly-owned by Alibaba Holding to hold the
target business. The aggregate consideration is HK$8.075 billion and will be satisfied by
the company issuing 860.87 million consideration shares to the vendor at completion.
The target business comprises (i) all merchant relationships with the target merchants
for the sale of target products and services on the Tmall platforms; and (ii) the
employment relationships with relevant marketing and operations personnel managing the
relationships with the target merchants. (RC)