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Alibaba Group Pursues Primary Listing on the Hong Kong Stock Exchange 26.07.2022

July 26, 2022
Source: wallstreet-online.de wallstreet-online.de
News Snapshot:
Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA and HKEX: 9988) today announces that its board of directors (“Board”) has authorized the Company’s management to apply for a primary listing on the Main Board of Hong Kong Stock Exchange. After completion of the primary listing process, which is expected to occur prior to the end of 2022, Alibaba will become a dual-primary listed company on the New York Stock Exchange in the form of American Depositary Shares (“ADSs”) and on the Hong Kong Stock Exchange in the form of ordinary shares. Alibaba currently maintains a secondary listing on...
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Tags: Alibaba | American depositary shares | ASIA | board of directors | Business | chairman | China | Economy | executive | finance | financial | globalization | Greater China | Hong Kong | Hong Kong Stock Exchange | infrastructure | investor | IT | KONG | law | New York | online shopping | stock exchange | stock market | United States

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