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Baidu Group-SW Receives Hong Kong Exchanges Confirmation for Dual Primary Listing Conversion

2026-07-22 14:01:39

BAIDU GROUP-SW-2.61%

HKEX0.25%

BIDU-0.68%

NDAQ0.73%

According to Baidu Group-SW (09888), the company received confirmation from Hong Kong Exchanges and Clearing (HKEX) on July 22 that it has accepted its application for a major conversion to dual primary listing status. The conversion is expected to take effect within 2026, pending final HKEX approval. Upon conversion completion, Baidu will be dually listed on both HKEX in Hong Kong and Nasdaq in the United States. To prepare for the conversion, Baidu will seek shareholder approval at a special general meeting to grant directors authorization to issue up to 20% additional Class A ordinary shares or American depositary shares, and authorization to repurchase up to 10% of outstanding shares.

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