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Hong Kong stocks rose more than 3%! Ali applying for the main listing of the Hong Kong Stock Exchange, the management of Ant Group welcomes important changes

via:凤凰网     time:2022/7/26 12:01:04     readed:109


On the morning of July 26, Alibaba announced on the Hong Kong Stock Exchange that the board of directors had authorized the company's management to apply for the main listing status on the main board of the Hong Kong Stock Exchange to be listed.

At present, Alibaba is currently listed on the second listing of the main main of the Hong Kong Stock Exchange. It will apply for Hong Kong in accordance with the Hong Kong listing rules as the main list of listing. It is expected that it will take effect by the end of 2022. After the relevant listing processes are completed, Alibaba will become a company that uses US deposit shares on the New York Stock Exchange and the two major listed companies with ordinary shares on the Hong Kong Stock Exchange.

It is worth noting that many Chinese stocks have returned to Hong Kong recently, such as Zhihu, Xiaopeng, and ideal companies have realized the two major listing in the United States and Hong Kong.

On the same day, Alibaba Group issued a fiscal year 2022.

The annual report shows that Alibaba Group currently has 29 partners, of which Jing Xiandong, Ni Xingjun, Zeng Songbai, Peng Yijie and other relevant members from the Ant Group have withdrawn from the partner list. It is reported that this is another measure of the Ant Group's continuous improvement of corporate governance, which aims to further enhance the transparency and effectiveness of corporate governance and strengthen the isolation with major shareholders Alibaba Group.

In addition, the annual report shows that the Alibaba Group has recently amended the "Partnership Agreement", stipulating that partners should be the people of Alibaba Group. From May 31, 2022, the related parties of Alibaba Group will no longer serve as partners.

It is understood that the Ali partner system, unlike the partnership system in the traditional partnership law, is not the same as the dual equity structure. In the "partner" system, most of the boards of the board of directors are nominated by the partners, not to allocate directors' seats according to the how much of the shares.

As of press time, Alibaba Hong Kong stocks have risen 3.41%to HK $ 103/share, with a total market value of 2.23 trillion Hong Kong dollars (about 1.92 trillion yuan). (Wen | Tianyu)

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