TOKYO: 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.
Chinese e-commerce giant Alibaba's shares jumped on Wednesday after it said it would split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history.
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