Xunlei Announces Change of Depositary
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Xunlei Limited has appointed JPMorgan Chase Bank as the new depositary for its ADR program, effective December 31, 2024.
January 03, 2025 | 12:15 pm
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NEUTRAL IMPACT
Xunlei Limited has changed its ADR depositary to JPMorgan Chase Bank, which may streamline its ADR operations and potentially impact investor perception.
The change in depositary to JPMorgan Chase Bank could be seen as a positive move, potentially improving the efficiency of ADR operations. However, it is a procedural change and may not have a significant immediate impact on stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100