BRIEF-Alibaba Group Sells Intime
Reuters12-17
Dec 17 (Reuters) - Alibaba Group :
* Alibaba Group Sells Intime
* EXPECTED GROSS PROCEEDS TO ALIBABA FROM INTIME SALE IS APPROXIMATELY RMB7.4 BILLION
* ALIBABA EXPECTS TO RECORD LOSSES OF APPROXIMATELY RMB9.3 BILLION (US$1.3 BILLION) AS A RESULT OF SALE OF INTIME
* ALIBABA EXPECTS TO RECORD LOSSES OF APPROXIMATELY RMB9.3 BILLION AS A RESULT OF SALE OF INTIME
* TO SELL 100% OF STAKE IN INTIME TO CONSORTIUM OF PURCHASERS COMPRISING YOUNGOR GROUP & MEMBERS OF INTIME'S MANAGEMENT TEAM
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