Intime will issue 220.54 million shares at
HK$7.5335 each and HK$3.71 billion worth of convertible bonds to
a unit of Alibaba, the Hong Kong-listed company said in a filing
to the stock exchange on Monday.
The pair will form a joint venture to develop shopping malls,
department stores and supermarkets related to online-to-offline
business in China, Intime said.
(Reporting by Donny Kwok; editing by Christopher Cushing)
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