Lixiang Education announces ADS ratio change

seekingalpha09-13

Lixiang Education Holding (NASDAQ:LXEH) has announced that it plans to change the ratio of its American depositary shares to its ordinary shares from the current ADS Ratio of one (1) ADS to ten (10) ...

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For the Company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split. The ADS Ratio Change will have no impact on the Company’s underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the ADS Ratio Change. LXEH -2.3% premarket to $0.2485 Source: Press Release","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4204":"教育服务","LXEH":"丽翔教育"},"translate_title":"理想教育公布ADS比率变动","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LXEH":1},"content_text":"Lixiang Education Holding (NASDAQ:LXEH) has announced that it plans to change the ratio of its American depositary shares to its ordinary shares from the current ADS Ratio of one (1) ADS to ten (10) ordinary shares to a new ADS Ratio of one (1) ADS to one hundred (100) ordinary shares, effective on or about September 30, 2024.  For the Company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split. The ADS Ratio Change will have no impact on the Company’s underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the ADS Ratio Change. 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