Baidu applies to convert Hong Kong secondary listing to dual-primary status
BIDU•Baidu seeks dual-primary listing in Hong Kong and on Nasdaq
Baidu moved ahead with plans to convert its Hong Kong secondary listing into a dual-primary listing.
An application was filed with the Hong Kong Stock Exchange. An acknowledgement has been received.
The effective date is expected within this year, pending exchange approval. Baidu would then be dual-primary listed in Hong Kong and on Nasdaq.
An extraordinary general meeting will seek mandates for up to 20% issuance of Class A shares or ADSs, up to 10% share repurchases.
The board also proposed a 2026 share incentive plan, alongside updated articles of association tied to the listing shift.
