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Alibaba proposes one-to-eight stock split

|About: Alibaba Group Holding Limited (BABA)|By:, SA News Editor

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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