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Alibaba Subscribes 4.36 Bln Yuan Exchangeable Bonds Issued By Red Star Macalline's Controlling Shareholder


Wednesday, 15 May 2019 

May 15 (Reuters) - Red Star Macalline Group Corp Ltd <601828.SS>::SAYS ALIBABA HAS SUBSCRIBED 4.36 BILLION YUAN ($634.03 million) WORTH OF EXCHANGEABLE BONDS ISSUED BY CO'S CONTROLLING SHAREHOLDER.SAYS CONTROLLING SHAREHOLDER SIGNS COOPERATION FRAMEWORK AGREEMENT WITH ALIBABA.SAYS IT EXPECTS TO SIGN BUSINESS-RELATED AGREEMENT WITH ALIBABA ON OR BEFORE MAY 28. 

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