Ambow Education Announces Plan to Implement ADS Ratio Change [Yahoo! Finance]
Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO)
US:NYSE Investor Relations:
mzcan.com/us/ambo/irwebsite
Company Research
Source: Yahoo! Finance
educational company, today announced its plan to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares from one (1) ADS, representing two (2) Class A ordinary shares, to one (1) ADS representing twenty (20) Class A ordinary shares (the "ADS Ratio Change"). The ADS Ratio Change is expected to become effective on or about February 20, 2024 , U.S. Eastern Time (the "Effective Date"). The ADS Ratio Change will have the same effect as a one-for-10 reverse ADS split for ADS holders. The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or canceled in connection with the ADS Ratio Change. On the Effective Date, holders of the ADSs will be required to surrender and exchange every ten (10) then-held ADSs for one (1) new ADS. Holders of ADSs in the Direct Registration System ("DRS") and in The Depository Trust Company ("DTC") will have their ADSs automatically exchanged a
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News
- Ambow Education Announces Second Half and Full-Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Ambow Files its Annual Report on Form 20-F for Fiscal Year 2023PR Newswire
- Ambow Education Announces Second Half and Full-Year 2023 Financial ResultsPR Newswire
- Ambow Education Showcases Cutting-edge HybriU Technology at Open House [Yahoo! Finance]Yahoo! Finance
- Ambow Education Showcases Cutting-edge HybriU Technology at Open HousePR Newswire
AMBO
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 3/6/24 - Form 6-K
- AMBO's page on the SEC website