NaaS Technology announces plan to implement ADS ratio change

4 hours ago 1

NaaS Technology (NASDAQ:NAAS) plans to change the ratio of its American Depositary Shares (ADS) to its Class A ordinary shares (par value $0.01 each), increasing it from the current ratio of 1 ADS to 800 Class A shares to a new ratio of 1 ADS to 3,200 Class A shares.
For the company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-four reverse ADS split.

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