NaaS Technology Announces Change in ADS Ratio

NaaS Technology Inc., a company that specializes in EV charging services and is based in China but listed in the U.S., has announced an update regarding its ADS Ratio change. Originally scheduled to take place on a different date, the change will now occur on June 13, 2024. This adjustment will involve a reverse split, where each ADS holder will exchange 20 current shares for 1 new share. This change has the potential to result in a proportional increase in the ADS trading price. However, the company has advised that the trading price following the adjustment may not necessarily be 20 times the pre-change price.

Interested individuals can visit TipRanks’ Stock Analysis page for more information on NAAS stock. The company specializes in providing EV charging services and is based in China but listed in the U.S. This update regarding its ADS Ratio change involves a reverse split that will occur on June 13, 2024, where each ADS holder will exchange 20 current shares for 1 new share. While this adjustment may result in a proportional increase in the ADS trading price, the company has advised that the trading price following the adjustment may not necessarily be 20 times the pre-change price.

For more detailed information about NAAS stock, interested individuals can visit TipRanks’ Stock Analysis page. The company provides EV charging services and is based in China but listed in the U.S. This update regarding its ADS Ratio change involves a reverse split that will occur on June 13, 2024, where each ADS holder will exchange 20 current shares for 1 new share. While this adjustment may result in a proportional increase in the ADS trading price, the company has advised that the trading price following

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