Summary by Futu AI
Uxin Limited, a leading used car retailer in China, has announced a change in the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares. The adjustment will alter the ratio from one ADS representing thirty Class A ordinary shares to one ADS representing three hundred Class A ordinary shares, effectively executing a one-for-ten reverse ADS split. This change is scheduled to take effect at the opening of business on January 16, 2024, on the Nasdaq Global Select Market, where Uxin's ADSs are traded under the ticker symbol 'UXIN'. The company has stated that there will be no change to the underlying Class A ordinary shares and no shares will be issued or cancelled due to this...Show More