NaaS Technology Inc. Announces Updated Effective Date of ADS Ratio Change
NaaS Technology Inc. - American Depositary Shares (NAAS)
Company Research
Source: PR Newswire
BEIJING, June 7, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, today provides an update on the effective date of the change of the ratio of its American Depositary Shares (the "ADSs") to its Class A ordinary shares (the "ADS Ratio"). The ADS Ratio change was previously announced on May 30, 2024 and originally planned to become effective on or about June 10, 2024. According to JPMorgan Chase Bank, N.A., the depositary bank for the Company's ADS program, the ADS Ratio change will take effect at the open of business on June 13, 2024 (U.S. Eastern Time).As previously announced, 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 and the current ADS Ratio of one (1) ADS to 10 Class A ordinary shares will be changed to a new ADS Ratio of one (1) ADS to 200 Class A ordinary shares.Each ADS holder of record at the close of busi
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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
- 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