Summary by Futu AI
Uxin Limited (ticker: UXIN), a company trading American Depositary Shares, has announced a 1-for-10 reverse stock split effective before the market opens on January 16, 2024. This corporate action follows an earlier adjustment on October 28, 2022, which was detailed in OCC Information Memo #51245. Post the reverse stock split, each existing UXIN American Depositary Share will represent the right to receive 0.1 new Uxin Limited American Depositary Shares. The option symbol for the adjusted options will remain as UXIN1, with the new deliverable per contract being 1 new Uxin Limited American Depositary Share. The underlying price for UXIN1 options will be determined by the adjusted stock price of UXIN. The Options Clearing Corporation (OCC) has provided this information and will be responsible for the adjustments, which are made in accordance with their by-laws. Investors are advised to independently verify all information relevant to their investment decisions.