Baidu announces it is converting its Hong Kong stock exchange listing from secondary to primary status. The company says the change is scheduled to take effect on Sept. 1, and that its Hong Kong listings will move to a dual-primary structure alongside its Nasdaq listing.
Baidu states that the conversion removes the “S” marker from its Hong Kong dollar- and yuan-denominated share names once the primary status takes effect, reflecting the change in listing classification. PR Newswire frames the update as a voluntary conversion on the main board of the Hong Kong Stock Exchange, while TechNode reports the same timing and the removal of the “S” designation. Both accounts describe Baidu continuing to trade on Nasdaq while also holding primary listings in Hong Kong under different currency counters.
