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Alibaba proposes one-to-eight stock split

  • Alibaba (NYSE:BABA) is proposing a one-to-eight stock split ahead of its proposed Hong Kong secondary listing later this year, according to an SEC filing.
  • The proposal, which will increase flexibility in the firm’s capital raising activities, will be discussed and put to a vote at Alibaba's annual general meeting in Hong Kong on July 15.
  • If approved, the split should take place no later than July 2020.

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