8/1/2022, 2:35 PM (Source: TeleTrader)
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Alibaba aims to keep US listing

Chinese Alibaba Group Holding stated on Monday that it wishes to keep listings in both the United States and Hong Kong.

"Alibaba will continue to monitor market developments, comply with applicable laws and regulations and strive to maintain its listing status on both the NYSE and the Hong Kong Stock Exchange," Alibaba said in a filing to the Hong Kong stock exchange.

This comes days after it was announced that it found itself amongst other Chinese companies that could face delisting by the US Securities and Exchange Commission (SEC) under the Holding Foreign Companies Accountable Act (HFCAA).

Baha Breaking News (BBN) / JN