Eastern Time on Friday,The Securities and Exchange Commission (SEC) listed a new round of Pre delisting & throughout; The list includes Alibaba, which has just announced a dual primary listing in Hong Kong and New York.
In addition to Ali, Mogujie, Boqi Pet and other companies were also included in the list.
It is reported that Alibaba just issued a statement on July 26, saying that the board of directors has authorized the group's management to submit an application to the Stock Exchange of Hong Kong to add Hong Kong as the primary listing place.
Alibaba will have a dual primary listing on the main board of the Hong Kong Stock Exchange and the New York Stock Exchange after the completion of the review process, which is expected to be completed by the end of 2022.
According to the report, after the dual primary listing is completed, Alibaba's US-listed depositary shares and Hong Kong-listed ordinary shares will continue to be convertible into each other. Investors can continue to choose to own Alibaba shares in one of these forms.
Daniel Zhang, chairman and CEO of Alibaba Group, said earlier thatThe goal of this decision is to allow a wider variety of investors,In particular, participants in Alibaba's digital ecosystem in China and the rest of Asia Pacific can share in Alibaba's growth and future.