Summary by Moomoo AI
Alibaba announced on 28 November 2024 that it had applied to the Hong Kong Stock Exchange for approval to issue multiple RMB Preferred Notes totaling approximately RMB 17,000,000,000. These notes include 2.65% notes due 2028, 2.80% notes due 2029, 3.10% notes due 2034 and 3.50% notes due 2044. The notes will be issued only to professional investors and are expected to be listed and traded on the Hong Kong Stock Exchange from 29 November 2024.Alibaba is considered a company with different voting rights because its director nomination rights are classified under different voting rights frameworks. The Company reminds shareholders and potential investors to be aware of the potential risks of investing in such companies. Alibaba's US Depository is listed on the New York Stock Exchange, codenamed BABA.THE ANNOUNCEMENT EMPHASIZES THAT THE ISSUANCE OF THESE NOTES DOES NOT CONSTITUTE AN INVITATION OR SOLICITATION OF SECURITIES IN THE UNITED STATES OR OTHER JURISDICTIONS AND IS NOT REGISTERED UNDER U.S. SECURITIES LAWS. The company does not plan to offer securities publicly in the United States.
