Baidu Group: Applies for Dual Primary Listing on both Hong Kong and the Nasdaq

PANews July 16 — According to Securities Times, Baidu Group has issued an announcement that its board of directors authorized management to proceed with a voluntary conversion to a primary listing on the main board of the Hong Kong Stock Exchange. The change is expected to take effect within this year. After the relevant procedures are completed, Baidu will achieve a dual primary listing in Hong Kong and on Nasdaq. Once the dual primary listing takes effect, it will enhance the liquidity of the company’s securities, broaden its investor base, and provide greater flexibility for entering the two capital markets.
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