news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

on august 28, alibaba group announced that it had officially completed its dual listing in hong kong, becoming a company with dual primary listings on the hong kong stock exchange and the new york stock exchange, marking a new milestone in the company's development. according to the announcement, alibaba's common shares listed on the hong kong stock exchange and its american depositary shares listed on the new york stock exchange can continue to be convertible.

alibaba has mentioned many times before that it wants to have dual primary listings in new york and hong kong. in the q4 and full-year financial report for fiscal year 2024 released in may this year, alibaba disclosed the progress of its voluntary conversion to dual primary listings on the hong kong stock exchange. alibaba said that the company has been preparing for the company's primary listing in hong kong and expects to complete the conversion by the end of august 2024. in a conference call after alibaba's financial report this month, alibaba cfo xu hong said that it is currently actively seeking to make hong kong the company's primary listing location.

last week, alibaba announced that it would add hong kong as its primary listing location and would be listed on the main board of the hong kong stock exchange on august 28, becoming a company with dual primary listings on the hong kong stock exchange and the new york stock exchange. now it has successfully completed the dual primary listing. data shows that since alibaba's secondary listing in hong kong in 2019, most of its publicly traded shares have been transferred to hong kong. in terms of market value and trading volume, alibaba has always ranked among the top three hong kong stocks, so it is natural for it to be listed on the hong kong stock market.

source: http://www.itbear.com.cn/html/2024-08/496700.html