AMTD IDEA Group to Change ADS Ratio
MT newswire2026/10/06 21:1105:11 PM EDT, 10/06/2026 (MT Newswires) -- AMTD IDEA Group (AMTD) said Tuesday it will change the ratio of its American depositary shares to its Class A ordinary shares to one ADS representing 360 Class A ordinary shares from one ADS representing six Class A ordinary shares, effective on or about Oct. 19. For ADS holders, the ratio change will have the same effect as a 1-for-60 reverse ADS split, the company said. AMTD IDEA said it expects the ratio change to allow it to regain compliance with NYSE listing requirements. The company said that on July 8, it received a notice from the New York Stock Exchange indicating that it was not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of July 7, the average closing price of its ADSs was below $1 during a consecutive 30 trading-day period.
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