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Alibaba has responded to the US delisting by saying it will fight to maintain its dual listing status

via:快科技     time:2022/8/1 9:00:26     readed:113

On August 1, Alibaba responded to the SEC's delisting with a statement on the Hong Kong stock Exchange.

Alibaba said it will continue to monitor market developments, comply with applicable laws and regulations, and strive to maintain its dual listing status on both the New York Stock Exchange and the Hong Kong Stock Exchange.


As previously reported, on July 29 local time, 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, as well as Mogujie and Porky Pet.

The listing sent Alibaba shares down more than 11 percent by the end of the day, while Porky Pets was down 8.45 percent.

Earlier, Alibaba had announced in the morning of July 26 that the company's board of directors had authorized the company's management to apply for a change of listing status on the main board of the Hong Kong Stock Exchange to a primary listing.

Upon completion of the review process by the Hong Kong Stock Exchange, Alibaba will have a dual primary listing on the main board of the Hong Kong Stock Exchange and the New York Stock Exchange.


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