NaaS Technology Inc., a leading EV charging service company, recently announced an update regarding its ADS Ratio change. The company, listed in the U.S. and based in China, has revised the effective date of the change to 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 advises that the post-adjustment trading price may not necessarily be 20 times the pre-change price.
For those interested in learning more about NAAS stock, TipRanks’ Stock Analysis page offers further insights.
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