BIDU-SW (09888.HK): Proposes Voluntary Conversion to Dual Primary Listing on HKEX Main Board
NewTimeSpace News: BIDU-SW (09888.HK) announced that the Board of Directors has approved a proposal to voluntarily convert its listing status to dual primary listing on the HKEX Main Board in accordance with HKEX guidance letters, with conversion expected to take effect within the current year. Upon completion, Baidu will be dual-primary listed on HKEX Main Board and Nasdaq Global Select Market.
NewTimeSpace News: BIDU-SW (09888.HK) issued a voluntary announcement on 16 July 2026. The Board of Directors has approved a proposal to seek voluntary conversion to dual primary listing on the HKEX Main Board pursuant to HKEX Guidance Letter HKEX-GL112-22, and the conversion is expected to become effective within the current year. The Board has authorised the Company’s management to carry out relevant preparatory work and take all necessary measures to complete the conversion.
Following the conversion, Baidu will be a company with dual primary listings on the HKEX Main Board and the Nasdaq Global Select Market. Its Class A ordinary shares and American Depositary Shares will continue trading on both stock exchanges and remain interchangeable. The conversion is subject to conditions including market conditions and obtaining all requisite regulatory approvals.
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