DouYu Announces One-for-Ten Reverse ADS Split, Adjusting Share Ratio
Portfolio Pulse from Benzinga Newsdesk
DouYu International Holdings Limited (NASDAQ:DOYU) announced a one-for-ten reverse ADS split, adjusting the share ratio from ten ADSs representing one Ordinary Share to one ADS representing one Ordinary Share. This change will be automatically applied for holders of uncertificated ADSs, with any fractional ADSs sold and proceeds distributed to the entitled holders.
March 15, 2024 | 8:03 am
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DouYu's one-for-ten reverse ADS split aims to adjust the share ratio, potentially affecting the stock's market perception and liquidity.
Reverse stock splits are often executed to improve a stock's appeal to investors by raising its price per share, potentially leading to improved market perception. However, the actual impact on the stock's value and investor sentiment can vary, making the short-term price direction uncertain.
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