AMTD IDEA changes ADS ratio in 1-for-60 reverse split equivalent
Bitget2026/10/06 20:31AMTD Idea Group will change its ADS-to-ordinary share ratio to 1 ADS for 360 Class A ordinary shares, effective about Oct. 19. Move implies a 1-for-60 reverse ADS split, shifting from 1 ADS representing 6 Class A ordinary shares. Action targets NYSE compliance after a July 8 notice tied to an average ADS closing price below US$1.00 over 30 sessions. Management expects no impact on underlying operations, financial condition, or shareholders’ equity. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AMTD Idea Group published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610061630PR_NEWS_USPR_____HK65233) on October 06, 2026, and is solely responsible for the information contained therein.
- AMTD Idea Group will change its ADS-to-ordinary share ratio to 1 ADS for 360 Class A ordinary shares, effective about Oct. 19.
- Move implies a 1-for-60 reverse ADS split, shifting from 1 ADS representing 6 Class A ordinary shares.
- Action targets NYSE compliance after a July 8 notice tied to an average ADS closing price below US$1.00 over 30 sessions.
- Management expects no impact on underlying operations, financial condition, or shareholders’ equity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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