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Alibaba Group upgrades to primary listing on HKEX

The group will become dual primary listed on the HKEX and NYSE.

Alibaba Group has announced that it will convert its secondary listing to a primary listing on the Hong Kong Stock Exchange (HKEX) effective on 28 August.

Alibaba Group will become dual primary listed on the HKEX and the New York Stock Exchange (NYSE).

The group said the voluntary conversion to dual primary listing does not involve any issue of new shares and/or fund-raising.

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