Alibaba Group (BABA) has released an update.
Alibaba Group has announced that its board of directors will meet on May 13, 2024, to approve financial results for the last fiscal year, with the results being publicly released the following day. The company, which is listed on the New York Stock Exchange under the ticker BABA, operates with a weighted voting rights structure, a detail that shareholders and potential investors should consider due to the associated risks. The announcement also reaffirms Alibaba’s unique share structure, where each share corresponds to one vote.
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