111, Inc. Announces ADS Ratio Change
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111, Inc. (NASDAQ: YI) announced a change in the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares, effectively implementing a one-for-ten reverse ADS split.
January 08, 2025 | 10:15 am
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111, Inc. is changing its ADS ratio from 1 ADS representing 2 Class A shares to 1 ADS representing 20 Class A shares, effectively a one-for-ten reverse split.
The change in ADS ratio is equivalent to a reverse split, which typically reduces the number of shares available and can increase the stock price. However, it may also affect liquidity and investor perception. The impact on stock price is uncertain in the short term.
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