In recent news, NaaS Technology Inc., a leading provider of EV charging services, announced an update on its ADS Ratio change. The company, which is listed in the US 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, it’s important to note that the post-adjustment trading price may not necessarily be 20 times the pre-change price. This means that investors should exercise caution when making investment decisions based solely on this information.
If you’re interested in learning more about NAAS stock and how this update may impact its value, TipRanks’ Stock Analysis page offers further insights and analysis.
