Lufax Holding Announces Plan To Implement ADS Ratio Change From 2 ADS to 1 Ordinary Share To New ADS Ratio Of 1 ADS To 2 Ordinary Shares; Will Be Effective On Or About Dec. 15
Portfolio Pulse from Benzinga Newsdesk
Lufax Holding has announced a change in the ADS (American Depositary Share) ratio, moving from the current 2 ADSs representing 1 ordinary share to a new ratio where 1 ADS will represent 2 ordinary shares. This change is expected to be effective on or about December 15.
November 20, 2023 | 9:33 pm
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NEUTRAL IMPACT
Lufax Holding's ADS ratio change may lead to a temporary adjustment in the stock price as the market reacts to the new ratio of 1 ADS to 2 ordinary shares, effective around December 15.
The change in ADS ratio for Lufax Holding does not alter the underlying value of the company but may cause short-term trading volatility as the market adjusts to the new ratio. Typically, such corporate actions are neutral to the stock's value but can affect liquidity and market perception in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100