NaaS Technology Inc. Announces Plan to Implement ADS Ratio Change [Yahoo! Finance]
NaaS Technology Inc. - American Depositary Shares (NAAS)
Company Research
Source: Yahoo! Finance
in China, today announced that it plans to change the ratio of its American Depositary Shares (the "ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.01 per share, from the current ADS Ratio of one ADS to 10 Class A ordinary shares to a new ADS Ratio of one ADS to 200 Class A ordinary shares. For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-twenty reverse ADS split. A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio. The Company anticipates that the change in the ADS Ratio will be effective on or about June 10, 2024 (U.S. Eastern Time). Each ADS holder of record at the close of business on the date when the change in ADS Ratio is effective will be required to surrender and exchange every 20 existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company's ADS program, will arrange f
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News
- NaaS Technology Inc. Announces Completion of ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
- 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 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