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BABA-W CFO: Southbound Shareholdings Surge After Inclusion in Southbound Trading of Stock Connects
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BABA-W (09988.HK)'s CFO, Toby Xu, said at the Asian Financial Forum (AFF) that the Group completed its dual primary listing in Hong Kong at the end of August 2024. In September 2024, the Group was also included in the list of Southbound Trading of Stock Connects, driving a surge in southbound shareholding of BABA-W over the past 15-16 months. The shareholding proportion has now risen to approx. 11% of the Company's issued capital. Xu believed that the Hong Kong market is a crucial channel for the Group to raise funds and engage with global investors. AASTOCKS Financial News Website: www.aastocks.com |
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