Summary by Moomoo AI
Alibaba Group Holding Limited announced that, starting from August 28, 2024, the company will transition from the secondary listing status on The Stock Exchange of Hong Kong Limited (SEHK) to a dual primary listing. This means that the company will operate as a primary listed company on both the SEHK and the New York Stock Exchange, and will remove the 'S' designation from its stock symbol. The transition will require the company to comply with all relevant SEHK listing rules, securities and futures ordinance, and takeover code as a dual primary listed issuer, including certain exemptions previously obtained as a secondary listing issuer. The company obtained the necessary shareholder approval at the annual general meeting on August 22, 2024, to comply with the relevant...Show More