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So-Young Announces Extension of Plan to Implement ADS Ratio Change
Prnewswire· 2025-06-20 09:00
Core Viewpoint - So-Young International Inc. is postponing the effective date for the planned change in the American depositary shares (ADS) ratio, which was initially set for June 30, 2025 [2][3]. Group 1: ADS Ratio Change - The company intends to change the ADS ratio from thirteen ADSs representing ten Class A ordinary shares to one ADS representing fifteen Class A ordinary shares [2]. - The decision to delay the ADS ratio change is due to the need for additional time to finalize preparations [2]. - An updated timeline for the ADS ratio change will be announced in the future [2]. Group 2: Impact on ADS Holders - The ADS ratio change will function similarly to a proportional reverse ADS split, with no changes to the Class A ordinary shares [3]. - ADS holders will not need to take any action; the exchange of old ADSs for new ADSs will occur automatically [3]. - Fractional new ADSs will not be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3]. Group 3: Price Expectations - Following the ADS ratio change, the ADS price is expected to increase proportionally, although there is no assurance that the post-change price will match or exceed the proportional price based on the pre-change price [4]. Group 4: Company Overview - So-Young International Inc. is a leading aesthetic treatment platform in China, connecting consumers with online services and offline treatments [5]. - The company offers access to aesthetic treatments through its online platform and branded aesthetic centers, providing curated treatment information and facilitating online reservations [5]. - With strong brand recognition and an efficient supply chain, So-Young is positioned for long-term growth in the medical aesthetic value chain [5].
NaaS Technology Inc. Announces Plan to Implement ADS Ratio Change
Prnewswire· 2025-04-24 11:00
Core Viewpoint - NaaS Technology Inc. is changing the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from 1:200 to 1:800, effective April 28, 2025, which is equivalent to a one-for-four reverse ADS split [1][2]. Company Overview - NaaS Technology Inc. is the first U.S.-listed EV charging service company in China and a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China [4]. - The company provides new energy asset operation services and utilizes advanced technology to match charging supply with demand, enhancing the charging experience for electric vehicle users [4]. Impact of ADS Ratio Change - The change in the ADS Ratio is expected to increase the ADS trading price proportionally, although there is no assurance that the price will be four times greater than before the change [3]. - Existing ADS holders will need to surrender four current ADSs for one new ADS, with fractional entitlements aggregated and sold by the depositary bank [2]. - The change will not affect the underlying Class A ordinary shares, and no shares will be issued or cancelled in connection with the change [2].
Amarin Confirms Effective Date for 1-For-20 ADS Ratio Change
Newsfilter· 2025-04-09 11:30
DUBLIN and BRIDGEWATER, N.J., April 09, 2025 (GLOBE NEWSWIRE) -- Amarin Corporation plc (NASDAQ:AMRN), today confirmed that April 11, 2025 will be the effective date for the Company's previously announced Ratio Change on its American Depositary Shares ("ADS") -- an action in which the Company will effect a ratio change from one (1) ADS representing one (1) ordinary share to a new ratio of one (1) ADS representing twenty (20) ordinary shares (the "Ratio Change"). The objective of this action is to increase t ...