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Zhitong
2024.09.11 13:36
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Yunji adjusts ADS ratio, expected to take effect on September 13th

On Tuesday, Yunji announced its plan to adjust the exchange ratio between its American Depositary Shares (ADS) and Class A ordinary shares. Currently, 1 ADS corresponds to 100 Class A ordinary shares, but the company plans to adjust this ratio to 1 ADS to 400 Class A ordinary shares. This change is expected to take effect around September 13th. For holders of Yunji's ADS, this adjustment will have the same effect as a reverse ADS split of one to four. At the time of writing, Yunji's US stocks fell more than 6% in early trading, trading at $0.4201

According to the Wise Finance APP, Yunji (YJ.US) announced on Tuesday that the company plans to adjust the exchange ratio between its American Depositary Shares (ADS) and Class A common shares. Currently, 1 ADS corresponds to 100 Class A common shares, but the company plans to adjust this ratio to 1 ADS corresponding to 400 Class A common shares. This change is expected to take effect around September 13th.

For holders of Yunji's ADS, this adjustment will have the same effect as a reverse ADS split of one to four. As of the time of writing, Yunji's US stocks fell more than 6% in early trading, trading at $0.4201

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