Baidu eyes return to A-share market via CDR issue

US-listed Chinese internet search giant Baidu Inc said it is assessing the possibility of issuing Chinese Depositary Receipts to list in the domestic A-share market, according to documents submitted to the United States Securities and Exchange Commission.

Baidu said that if its CDR offering is approved by the relevant regulatory authority and successfully completed, the total number of shares issued by the company will increase. Any CDRs offered will represent newly issued Class A ordinary shares of Baidu, it said.

However, the timing and certainty of filing an application for the potential CDR offering, as well as the completion of the CDR offering, have not yet been determined and are subject to change based on market and other conditions, according to Baidu.