Alibaba.com, a well-known Chinese B2B directory, bought back 2 million shares in the company on Feb. 18, which makes the total amount of shares it bought back amounted to 10 million within three days from Feb. 16 to Feb. 18, sources reported.
According to statistics released by the Hong Kong Stock Exchange (HKEx), the company bought back the 2 million shares at prices ranging from HK$7.38 to HK$7.5 a share.
Last November, the directorate of the company agreed to repurchase shares worth up to HK$2 billion (RMB 1.76 billion) by the end of 2009.
Shares of Alibaba fell 2.82% to close at HK$7.25 on Thursday
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