NaaS Technology Inc. Announces Completion of ADS Ratio Change [Yahoo! Finance]
NaaS Technology Inc. - American Depositary Shares (NAAS)
Company Research
Source: Yahoo! Finance
in China, today announces that the previously announced change of the ratio (the "ADS Ratio") of its American depositary shares (the "ADSs") to its Class A ordinary shares has taken effect at the open of business on June 13, 2024 (U.S. Eastern Time). The change in the ADS Ratio, from one ADS to ten Class A ordinary shares to one ADS to 200 Class A ordinary shares, had the same effect as a one-for-twenty reverse ADS split. The exchange of one new ADS for every 20 previously-held ADSs occurred automatically upon effectiveness, with the previously-held ADSs cancelled and the new ADSs issued by JPMorgan Chase Bank, N.A., the depositary bank for the Company's ADS program. The Company also announces that it has received a letter from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated June 13, 2024 , indicating that for the last 30 consecutive business days, the closing bid price for the ADSs was below the minimum bid price of US$1.00 per s
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News
- NaaS Technology Inc. Announces Completion of ADS Ratio ChangePR Newswire
- NaaS Technology Inc. Announces Updated Effective Date of ADS Ratio ChangePR Newswire
- China's Luckin Coffee Is Back From the Brink and Beating Starbucks [BNN Bloomberg (Canada)]BNN Bloomberg
- NaaS Technology Inc. Announces Plan to Implement ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
- NaaS Technology Inc. Announces Plan to Implement ADS Ratio ChangePR Newswire
NAAS
Sec Filings
- 6/18/24 - Form 424B3
- 6/18/24 - Form 6-K
- 6/13/24 - Form 6-K
- NAAS's page on the SEC website