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-0.0354387656702026 -0.0576181292189008 -0.054725168756027 -0.0356798457087754 0.0122950819672131 0.0122950819672131 -0.0356557377049181 -0.0183220829315333
Stock impact report

PINTEC ANNOUNCES ADS Ratio Change

Pintec Technology Holdings Limited - American Depositary Shares (PT) 
Company Research Source: PR Newswire
BEIJING, May 13, 2022 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a leading independent technology platform enabling financial services in China, today announced that the ratio of its American depositary share ("ADS") representing its Class A ordinary shares ("ADS Ratio") is being amended from one (1) ADS representing seven (7) Class A ordinary share to one (1) ADS representing thirty-five (35) Class A ordinary shares.There will be no change to the Company's Class A ordinary shares. Furthermore, no physical action by ADS holders will be required to effect the ratio change, as the change will be effected on the books of the depositary. The effect of the ratio change on the ADS trading price on the NASDAQ Global Market is expected to take place at the open of business on May 16, 2022 (U.S. Eastern Time). Any fractional ADSs will be sold and the net proceeds from the sale of fractional ADSs will be distributed to the holders entitled there Show less Read more
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