NaaS Technology To Implement ADS Ratio Change From 1:10 To 1:200
Portfolio Pulse from Benzinga Newsdesk
NaaS Technology has announced a change in its American Depositary Shares (ADS) ratio from 1:10 to 1:200. This adjustment is likely to impact the stock price and trading volume of the company in the short term.
May 30, 2024 | 12:18 pm
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NaaS Technology is changing its ADS ratio from 1:10 to 1:200. This could lead to a significant impact on the stock price and trading volume as the market adjusts to the new ratio.
The change in ADS ratio from 1:10 to 1:200 will consolidate the shares, which could lead to a higher stock price per share but lower trading volume. This adjustment is significant for investors as it may affect liquidity and market perception.
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