Addition to the SEC’s HFCAA list doesn’t mean that Alibaba will immediately be removed from the New York Stock Exchange (NYSE). Instead, the notice marks the company’s first “non-inspection” year; Alibaba is only actually in danger of delisting if it hands in two more consecutive annual reports that run afoul of the HFCAA. The report that landed the company under scrutiny covered Alibaba’s fiscal year ending on March 31, 2022. Companies on the provisional HFCAA list have 15 business days to dispute addition to the list. Along with Alibaba’s inclusion last week, pet company Boqii, Cheetah Mobile, ecommerce platform MOGU, manufacturing business Highway Holdings and logistics company Novagant Corp — all from China or Hong Kong — were added.
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